Science Applications International Co. (NYSE:SAIC) Position Boosted by AE Wealth Management LLC

AE Wealth Management LLC raised its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 51.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,447 shares of the information technology services provider’s stock after acquiring an additional 1,504 shares during the period. AE Wealth Management LLC’s holdings in Science Applications International were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SAIC. Canada Pension Plan Investment Board acquired a new stake in Science Applications International in the second quarter worth about $306,000. Intech Investment Management LLC acquired a new stake in shares of Science Applications International in the 2nd quarter worth approximately $807,000. XTX Topco Ltd bought a new position in shares of Science Applications International in the second quarter valued at approximately $392,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Science Applications International by 12.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,583 shares of the information technology services provider’s stock valued at $421,000 after acquiring an additional 383 shares during the period. Finally, Luts & Greenleigh Group Inc. bought a new stake in Science Applications International during the second quarter worth approximately $240,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Up 0.4 %

Shares of NYSE:SAIC opened at $136.62 on Friday. Science Applications International Co. has a 52 week low of $104.46 and a 52 week high of $145.17. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $6.77 billion, a PE ratio of 16.00 and a beta of 0.70. The firm has a 50 day simple moving average of $127.88 and a 200 day simple moving average of $126.84.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. As a group, research analysts expect that Science Applications International Co. will post 8.17 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders 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 dividend yield of 1.08%. Science Applications International’s dividend payout ratio is 17.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. TD Cowen lifted their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Truist Financial lifted their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup increased their target price on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $139.75.

Insider Transactions at Science Applications International

In related news, EVP Michelle A. O’hara acquired 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP James Joshua Jackson purchased 400 shares of Science Applications International stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michelle A. O’hara purchased 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Insiders purchased 1,500 shares of company stock valued at $175,412 over the last three months. 0.67% of the stock is owned by corporate insiders.

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.