Cwm LLC Grows Stock Position in Science Applications International Co. (NYSE:SAIC)

CWM LLC raised its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 44.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,082 shares of the information technology services provider's stock after buying an additional 2,791 shares during the quarter. CWM LLC's holdings in Science Applications International were worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its position in Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares during the last quarter. True Wealth Design LLC purchased a new position in Science Applications International in the fourth quarter worth $48,000. Fifth Third Bancorp boosted its position in Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares during the last quarter. Hughes Financial Services LLC purchased a new position in Science Applications International in the first quarter worth $58,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Science Applications International in the fourth quarter worth $58,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Down 0.2%

NYSE SAIC traded down $0.18 during trading hours on Friday, hitting $114.81. 313,062 shares of the company were exchanged, compared to its average volume of 698,033. The stock has a 50-day moving average price of $111.69 and a 200 day moving average price of $111.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a 52 week low of $94.68 and a 52 week high of $156.34. The stock has a market cap of $5.38 billion, a PE ratio of 19.36 and a beta of 0.49.

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 EPS 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%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. Analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.29%. Science Applications International's dividend payout ratio is currently 20.76%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Jefferies Financial Group upped their price target on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus assumed coverage on Science Applications International in a research report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. UBS Group dropped their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Wells Fargo & Company upped their price target on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and a consensus price target of $125.64.

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.