Banque Cantonale Vaudoise Invests $2.07 Million in Science Applications International Co. (NYSE:SAIC)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Science Applications International Co., purchasing 18,404 shares valued at approximately $2,066,000.
• Analyst ratings for SAIC varied, with price targets reduced by Barclays (from $115 to $105) and raised by Wells Fargo (from $132 to $137), and the stock currently holds an average rating of "Hold".
• Science Applications International's latest earnings report showed $1.92 earnings per share, missing estimates, with a quarterly revenue increase of 1.6% compared to last year.

Banque Cantonale Vaudoise bought a new position in Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,404 shares of the information technology services provider's stock, valued at approximately $2,066,000.

A number of other hedge funds also recently modified their holdings of SAIC. Sumitomo Mitsui Trust Group Inc. boosted its stake in Science Applications International by 9.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,160 shares of the information technology services provider's stock worth $355,000 after purchasing an additional 271 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Science Applications International in the first quarter worth $204,000. SG Americas Securities LLC grew its position in Science Applications International by 19.4% in the first quarter. SG Americas Securities LLC now owns 4,508 shares of the information technology services provider's stock worth $506,000 after acquiring an additional 732 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Science Applications International by 17.5% during the first quarter. Envestnet Asset Management Inc. now owns 41,141 shares of the information technology services provider's stock valued at $4,619,000 after buying an additional 6,137 shares during the period. Finally, GAMMA Investing LLC boosted its position in Science Applications International by 96.8% during the first quarter. GAMMA Investing LLC now owns 614 shares of the information technology services provider's stock valued at $69,000 after buying an additional 302 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of Science Applications International stock traded down $0.75 on Friday, hitting $110.73. 534,079 shares of the company's stock were exchanged, compared to its average volume of 686,720. The company has a 50-day simple moving average of $110.76 and a 200-day simple moving average of $111.39. The stock has a market capitalization of $5.19 billion, a PE ratio of 18.67 and a beta of 0.49. Science Applications International Co. has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the previous year, the firm posted $1.92 EPS. The company's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, July 11th. Science Applications International's payout ratio is currently 20.76%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAIC. UBS Group dropped their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Wells Fargo & Company increased their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial raised their target price on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Stifel Nicolaus initiated coverage on shares of Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $125.64.

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.