Advisors Asset Management Inc. Purchases 3,062 Shares of Science Applications International Co. (NYSE:SAIC)

Advisors Asset Management Inc. grew its holdings in Science Applications International Co. (NYSE:SAIC) by 31.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,832 shares of the information technology services provider’s stock after acquiring an additional 3,062 shares during the period. Advisors Asset Management Inc.’s holdings in Science Applications International were worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its stake in Science Applications International by 5.5% during the 3rd quarter. Banque Cantonale Vaudoise now owns 15,881 shares of the information technology services provider’s stock worth $2,212,000 after acquiring an additional 830 shares during the period. OneAscent Financial Services LLC bought a new stake in shares of Science Applications International during the 3rd quarter valued at about $374,000. Cassaday & Co Wealth Management LLC boosted its holdings in Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after acquiring an additional 4,796 shares in the last quarter. Quest Partners LLC boosted its holdings in Science Applications International by 124.1% in the third quarter. Quest Partners LLC now owns 1,840 shares of the information technology services provider’s stock worth $256,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its stake in shares of Science Applications International by 36.3% in the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after purchasing an additional 10,326 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SAIC has been the subject of a number of research analyst reports. Truist Financial increased their price target 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. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Finally, TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One 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’s stock. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $150.43.

Science Applications International Price Performance

Science Applications International stock opened at $124.20 on Monday. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The company’s 50 day simple moving average is $140.79 and its 200-day simple moving average is $130.32. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.34 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. As a group, equities research analysts expect that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.37 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

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.