Heritage Investors Management Corp Takes $552,000 Position in Science Applications International Co. (NYSE:SAIC)

Heritage Investors Management Corp acquired a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,919 shares of the information technology services provider's stock, valued at approximately $552,000.

Several other hedge funds also recently modified their holdings of SAIC. Jackson Creek Investment Advisors LLC bought a new stake in Science Applications International in the 1st quarter valued at $578,000. Larson Financial Group LLC lifted its holdings in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 98 shares during the period. Signaturefd LLC lifted its holdings in shares of Science Applications International by 174.1% during the 1st quarter. Signaturefd LLC now owns 614 shares of the information technology services provider's stock worth $69,000 after acquiring an additional 390 shares during the period. CWM LLC lifted its holdings in shares of Science Applications International by 44.4% during the 1st quarter. CWM LLC now owns 9,082 shares of the information technology services provider's stock worth $1,020,000 after acquiring an additional 2,791 shares during the period. Finally, Hughes Financial Services LLC bought a new position in shares of Science Applications International during the 1st quarter worth about $58,000. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Trading Down 0.6%

Shares of SAIC stock traded down $0.72 during trading hours on Thursday, hitting $115.35. 83,998 shares of the company were exchanged, compared to its average volume of 698,638. The firm has a market cap of $5.41 billion, a P/E ratio of 19.45 and a beta of 0.49. Science Applications International Co. has a fifty-two week low of $94.68 and a fifty-two week 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. The company has a 50 day simple moving average of $112.00 and a two-hundred day simple moving average of $111.49.

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

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is currently 20.76%.

Analyst Ratings Changes

SAIC has been the topic of several research analyst reports. Barclays decreased their price target on shares of 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 stock a "hold" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group cut their price target on shares of 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. Finally, Jefferies Financial Group lifted their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. 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 given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $125.64.

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.