Charles Schwab Investment Management Inc. Boosts Stake in Science Applications International Co. (NYSE:SAIC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 518,915 shares of the information technology services provider’s stock after acquiring an additional 6,780 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Science Applications International were worth $72,269,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Van ECK Associates Corp grew its holdings in Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after buying an additional 113,260 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after acquiring an additional 56,414 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after acquiring an additional 28,304 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Science Applications International by 9.7% during the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after acquiring an additional 27,664 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

SAIC stock opened at $123.29 on Friday. The business’s fifty day moving average price is $139.82 and its 200 day moving average price is $130.05. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.11 billion, a PE ratio of 22.17 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results 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 net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.37 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.20%. Science Applications International’s dividend payout ratio is presently 26.62%.

Analyst Ratings Changes

A number of brokerages have commented on SAIC. StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upgraded Science Applications International from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $157.00 to $147.00 in a report on Tuesday. Citigroup raised their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Finally, TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.00.

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.