LSV Asset Management raised its holdings in Science Applications International Corp (NYSE:SAIC) by 20.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 740,470 shares of the information technology services provider’s stock after buying an additional 127,262 shares during the quarter. LSV Asset Management owned about 1.27% of Science Applications International worth $58,067,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SAIC. Point72 Hong Kong Ltd acquired a new stake in Science Applications International in the 2nd quarter valued at $29,000. Private Advisor Group LLC acquired a new position in shares of Science Applications International during the 2nd quarter valued at $34,000. Stephenson National Bank & Trust lifted its position in shares of Science Applications International by 21.8% during the 2nd quarter. Stephenson National Bank & Trust now owns 1,919 shares of the information technology services provider’s stock valued at $149,000 after acquiring an additional 343 shares during the period. Macquarie Group Ltd. lifted its position in shares of Science Applications International by 50.8% during the 2nd quarter. Macquarie Group Ltd. now owns 2,413 shares of the information technology services provider’s stock valued at $187,000 after acquiring an additional 813 shares during the period. Finally, Campbell Wealth Management acquired a new position in shares of Science Applications International during the 2nd quarter valued at $189,000. Institutional investors own 75.93% of the company’s stock.
NYSE SAIC traded down $2.24 on Monday, hitting $75.53. 3,626 shares of the stock were exchanged, compared to its average volume of 623,778. Science Applications International Corp has a 52-week low of $45.45 and a 52-week high of $96.80. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.03 and a quick ratio of 0.90. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.61 and a beta of 0.98. The company’s 50-day moving average price is $79.16 and its two-hundred day moving average price is $80.50.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Wednesday, September 2nd. The information technology services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.19. Science Applications International had a net margin of 3.00% and a return on equity of 25.96%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $1.35 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts predict that Science Applications International Corp will post 6.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be issued a $0.37 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.48 annualized dividend and a yield of 1.96%. Science Applications International’s dividend payout ratio (DPR) is presently 26.15%.
Separately, Citigroup boosted their target price on shares of Science Applications International from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Science Applications International currently has a consensus rating of “Buy” and an average price target of $100.00.
Science Applications International Company Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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