Fuller & Thaler Asset Management Inc. Raises Position in Science Applications International Co. $SAIC

Key Points

• Fuller & Thaler Asset Management Inc. raised its position in Science Applications International Co. by 14.3% in the first quarter, now holding approximately $280.7 million worth of shares.
• A variety of institutional investors made adjustments to their holdings, with Parallel Advisors LLC increasing its position by a staggering 112.1%.
• Recent analysts' ratings show mixed sentiments for SAIC, with price targets ranging from $105 to $137 and an average rating of "Hold".

Fuller & Thaler Asset Management Inc. increased its holdings in Science Applications International Co. (NYSE:SAIC - Free Report) by 14.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,500,086 shares of the information technology services provider's stock after buying an additional 313,539 shares during the period. Science Applications International accounts for approximately 1.1% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 11th largest holding. Fuller & Thaler Asset Management Inc. owned approximately 5.24% of Science Applications International worth $280,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Parallel Advisors LLC raised its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Larson Financial Group LLC raised its position in Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. US Bancorp DE raised its position in Science Applications International by 38.5% during the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. True Wealth Design LLC purchased a new stake in Science Applications International during the fourth quarter valued at about $48,000. Finally, Fifth Third Bancorp raised its position in Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock valued at $53,000 after purchasing an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SAIC shares. Wells Fargo & Company raised 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. Jefferies Financial Group raised 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. Barclays reduced their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, June 9th. Truist Financial raised their price objective on Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research note on Thursday, July 24th. Finally, UBS Group reduced their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Science Applications International currently has an average rating of "Hold" and a consensus price target of $125.64.

Science Applications International Stock Up 0.3%

NYSE SAIC opened at $117.63 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.51 billion, a PE ratio of 19.84 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 business's 50-day moving average is $112.14 and its 200 day moving average is $111.61.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate 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 business's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. Sell-side analysts forecast that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

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

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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.