GSA Capital Partners LLP Takes $430,000 Position in Science Applications International Co. (NYSE:SAIC)

GSA Capital Partners LLP acquired a new stake in Science Applications International Co. (NYSE:SAIC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,085 shares of the information technology services provider’s stock, valued at approximately $430,000.

A number of other hedge funds also recently made changes to their positions in SAIC. Fifth Third Bancorp lifted its holdings in 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 purchasing an additional 84 shares during the last quarter. Cetera Investment Advisers increased its stake in Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the period. Bank of Montreal Can increased its stake in Science Applications International by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after acquiring an additional 90 shares during the period. CWM LLC increased its stake in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Science Applications International by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock valued at $1,700,000 after purchasing an additional 152 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Up 3.0 %

NYSE:SAIC opened at $123.05 on Thursday. The company has a market cap of $6.09 billion, a P/E ratio of 22.13 and a beta of 0.70. The stock’s fifty day moving average price is $141.46 and its two-hundred day moving average price is $130.53. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (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 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 firm’s revenue was up 2.0% compared to the same quarter last year. As a group, analysts expect that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed 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 was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio (DPR) is currently 26.62%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of research reports. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. TD Cowen boosted their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $150.43.

About Science Applications International

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.