International Assets Investment Management LLC Purchases 245,005 Shares of Science Applications International Co. (NYSE:SAIC)

International Assets Investment Management LLC grew its position in shares of Science Applications International Co. (NYSE:SAIC) by 36,732.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 245,672 shares of the information technology services provider’s stock after buying an additional 245,005 shares during the period. International Assets Investment Management LLC’s holdings in Science Applications International were worth $34,215,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of 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 acquiring an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Science Applications International by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares in the last quarter. Sei Investments Co. raised its stake in shares of Science Applications International by 53.9% in the first quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock worth $11,284,000 after purchasing an additional 30,325 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 purchasing an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after buying an additional 27,664 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIC. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their target price on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. TD Cowen boosted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Citigroup upped their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Truist Financial lifted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $150.43.

Science Applications International Stock Performance

NYSE SAIC opened at $144.83 on Tuesday. The company has a market capitalization of $7.17 billion, a PE ratio of 26.05 and a beta of 0.70. 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 $106.59 and a 52-week high of $148.65. The company has a 50-day simple moving average of $137.64 and a 200 day simple moving average of $128.85.

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 net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. Science Applications International’s revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.02%. Science Applications International’s payout ratio is 26.62%.

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.