Science Applications International Corporation $SAIC Stock: International Assets Investment Management LLC Raises Holdings

International Assets Investment Management LLC raised its position in shares of Science Applications International Corporation (NASDAQ:SAIC) by 4,112.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after acquiring an additional 82,982 shares during the period. International Assets Investment Management LLC’s holdings in Science Applications International were worth $10,843,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SAIC. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Science Applications International by 25.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 33,530 shares of the company’s stock worth $4,277,000 after purchasing an additional 6,800 shares during the last quarter. Choreo LLC boosted its stake in Science Applications International by 15.3% in the 3rd quarter. Choreo LLC now owns 3,664 shares of the company’s stock valued at $467,000 after purchasing an additional 487 shares during the period. Fonville Wealth Management LLC acquired a new position in Science Applications International in the 3rd quarter valued at $204,000. Pinnacle Wealth Planning Services Inc. grew its holdings in Science Applications International by 2,257.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 825 shares of the company’s stock valued at $105,000 after buying an additional 790 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Science Applications International in the 3rd quarter valued at $253,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

SAIC opened at $151.86 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $154.46. The firm has a market cap of $6.36 billion, a P/E ratio of 17.76 and a beta of 0.31. The business’s fifty day moving average is $132.46 and its 200-day moving average is $110.94.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the firm earned $3.63 earnings per share. Science Applications International’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts expect that Science Applications International Corporation will post 10.77 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were given a $0.37 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.48 annualized dividend and a dividend yield of 1.0%. Science Applications International’s payout ratio is presently 17.31%.

Insider Buying and Selling at Science Applications International

In other news, Director C. David Cush purchased 1,000 shares of Science Applications International stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of $132.50 per share, for a total transaction of $132,500.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $132,500. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAIC. The Goldman Sachs Group lifted their target price on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Truist Financial upped their price target on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. UBS Group raised their price target on shares of Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. TD Cowen reiterated a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. Finally, Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 27th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus price target of $125.22.

About Science Applications International

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.