Heritage Investors Management Corp Takes Position in Science Applications International Co. (NYSE:SAIC)

Heritage Investors Management Corp acquired a new stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,919 shares of the information technology services provider's stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIC. Parallel Advisors LLC grew its stake in shares of 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 valued at $31,000 after buying an additional 148 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Science Applications International by 43.2% in 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 during the period. True Wealth Design LLC acquired a new stake in Science Applications International in the fourth quarter valued at $48,000. Fifth Third Bancorp increased its stake in shares of Science Applications International by 22.7% during the 1st 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 in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Science Applications International in the 4th quarter valued at about $58,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Down 0.8%

SAIC stock traded down $0.88 during trading on Monday, hitting $112.54. The company had a trading volume of 289,778 shares, compared to its average volume of 550,915. The firm has a 50-day moving average price of $112.29 and a 200-day moving average price of $111.45. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 18.98 and a beta of 0.49. Science Applications International Co. has a 12 month low of $94.68 and a 12 month high of $156.34. 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 (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results 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 return on equity of 24.18% and a net margin of 4.11%. The business's revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $1.92 EPS. As a group, analysts predict that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is currently 20.76%.

Analyst Ratings Changes

Several equities analysts recently issued reports on SAIC shares. 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. Wells Fargo & Company boosted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial cut their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd. UBS Group dropped their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $124.73.

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.