Envestnet Asset Management Inc. boosted its stake in shares of Science Applications International Co. (NYSE:SAIC – Free Report) by 12.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,223 shares of the information technology services provider’s stock after purchasing an additional 3,048 shares during the period. Envestnet Asset Management Inc.’s holdings in Science Applications International were worth $3,318,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in shares of Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after buying an additional 194,160 shares during the last quarter. Bank of New York Mellon Corp raised its position in Science Applications International by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after acquiring an additional 25,807 shares in the last quarter. American Century Companies Inc. lifted its holdings in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after acquiring an additional 28,304 shares during the period. Van ECK Associates Corp boosted its position in Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after purchasing an additional 113,260 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Science Applications International by 0.9% during the 1st quarter. Principal Financial Group Inc. now owns 196,064 shares of the information technology services provider’s stock worth $25,565,000 after purchasing an additional 1,715 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other Science Applications International news, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was bought at an average price 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 in the company, valued at $1,563,007.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP James Joshua Jackson acquired 400 shares of Science Applications International stock in a transaction that occurred on Wednesday, July 10th. The shares were purchased at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the transaction, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction on 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 acquisition, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The disclosure for this purchase can be found here. Insiders acquired 1,550 shares of company stock worth $184,319 over the last three months. Insiders own 0.67% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Research Report on Science Applications International
Science Applications International Trading Up 0.5 %
SAIC stock opened at $144.04 on Friday. Science Applications International Co. has a 12-month low of $104.46 and a 12-month high of $145.17. The business’s 50-day moving average is $130.06 and its 200 day moving average is $126.87. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 16.87 and a beta of 0.70.
Science Applications International (NYSE:SAIC – Get Free Report) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business posted $2.05 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.17 EPS for the current fiscal 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s payout ratio is 17.33%.
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.
Further Reading
- Five stocks we like better than Science Applications International
- What is a Dividend King?
- When Is the Best Time to Invest in Mutual Funds?
- Why Invest in High-Yield Dividend Stocks?
- Is NVIDIA Stock in a Correction or Consolidation?
- The How and Why of Investing in Gold Stocks
- 3 Oversold Stocks with Big RSI Rebound Potential
Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC – Free Report).
Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.