Brandes Investment Partners LP Has $358,000 Position in Science Applications International Co. (NYSE:SAIC)

Brandes Investment Partners LP raised its stake in Science Applications International Co. (NYSE:SAIC) by 26.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,047 shares of the information technology services provider’s stock after buying an additional 642 shares during the period. Brandes Investment Partners LP’s holdings in Science Applications International were worth $358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIC. Larson Financial Group LLC acquired a new position in shares of Science Applications International in the second quarter worth approximately $27,000. Parallel Advisors LLC lifted its position in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. 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. CWM LLC raised its stake in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in Science Applications International by 150.3% in the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on SAIC shares. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. JPMorgan Chase & Co. boosted their price target on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. TD Cowen raised their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Truist Financial raised their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus price target of $139.75.

Insider Buying and Selling

In related news, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were 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 in the company, valued at $1,563,007.56. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Science Applications International news, EVP Michelle A. O’hara bought 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The stock was bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James Joshua Jackson purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,650 shares of company stock worth $196,019. 0.67% of the stock is owned by corporate insiders.

Science Applications International Stock Performance

SAIC opened at $139.27 on Tuesday. Science Applications International Co. has a 1-year low of $104.46 and a 1-year high of $145.17. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 16.31 and a beta of 0.70. The company’s fifty day moving average price is $128.84 and its two-hundred day moving average price is $126.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates 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 was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 EPS. On average, analysts expect that Science Applications International Co. will post 8.17 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.06%. Science Applications International’s payout ratio is 17.33%.

Science Applications International 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.