MQS Management LLC Has $300,000 Holdings in Science Applications International Co. (NYSE:SAIC)

MQS Management LLC trimmed its stake in Science Applications International Co. (NYSE:SAIC) by 41.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,550 shares of the information technology services provider’s stock after selling 1,814 shares during the period. MQS Management LLC’s holdings in Science Applications International were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the last quarter. Parallel Advisors LLC boosted its position in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System grew its holdings in Science Applications International by 0.8% during the 1st quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock worth $1,663,000 after acquiring an additional 100 shares during the period. Oliver Luxxe Assets LLC raised its position in shares of Science Applications International by 1.3% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock worth $1,187,000 after acquiring an additional 119 shares in the last quarter. Finally, CWM LLC lifted 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 period. 76.00% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $135.48 on Friday. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 15.86 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 fifty-two week low of $104.26 and a fifty-two week high of $145.17. The firm’s 50-day simple moving average is $126.96 and its 200 day simple moving average is $127.06.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. As a group, research analysts anticipate that Science Applications International Co. will post 8.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

Insider Activity at Science Applications International

In other Science Applications International news, EVP James Joshua Jackson acquired 400 shares of Science Applications International stock in a transaction that occurred on 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 purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction that occurred 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 purchase, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Joshua Jackson bought 400 shares of the stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,715 shares of company stock worth $200,507. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of research analyst reports. 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. Truist Financial lifted their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Barclays increased their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Citigroup raised their target price on 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.75.

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.