Rhumbline Advisers Has $16.86 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Rhumbline Advisers lessened its position in Science Applications International Co. (NYSE:SAIC) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,423 shares of the information technology services provider’s stock after selling 4,520 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Science Applications International worth $16,859,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Parallel Advisors LLC boosted its stake in shares of Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the period. CWM LLC boosted its stake in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. FinTrust Capital Advisors LLC boosted its stake in shares of Science Applications International by 150.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 284 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in shares of Science Applications International by 1,712.9% during the 1st quarter. EntryPoint Capital LLC now owns 562 shares of the information technology services provider’s stock worth $73,000 after acquiring an additional 531 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Truist Financial boosted their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday. TD Cowen boosted their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Finally, Citigroup upped their target price on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $138.29.

Science Applications International Price Performance

Science Applications International stock opened at $134.58 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Science Applications International Co. has a 52 week low of $104.26 and a 52 week high of $145.17. The stock has a market capitalization of $6.89 billion, a P/E ratio of 15.76 and a beta of 0.70. The stock has a fifty day moving average of $123.41 and a 200-day moving average of $127.21.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm earned $2.05 EPS. Science Applications International’s revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Science Applications International Co. will post 8.07 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.10%. Science Applications International’s payout ratio is presently 17.33%.

Insiders Place Their Bets

In other news, EVP James Joshua Jackson bought 400 shares of the stock in a transaction on Wednesday, July 10th. The stock was acquired at an average price of $114.28 per share, with a total value of $45,712.00. Following the acquisition, the executive vice president now directly owns 13,677 shares in the company, valued at $1,563,007.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders bought a total of 1,715 shares of company stock valued at $200,507 in the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.