Science Applications International Co. (NYSE:SAIC) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 76.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 41,683 shares of the information technology services provider's stock after buying an additional 18,055 shares during the period. Allianz Asset Management GmbH owned about 0.09% of Science Applications International worth $4,680,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Heritage Investors Management Corp purchased a new position in shares of Science Applications International during the 1st quarter valued at about $552,000. Jackson Creek Investment Advisors LLC purchased a new position in shares of Science Applications International during the 1st quarter valued at about $578,000. Larson Financial Group LLC raised its stake 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 valued at $36,000 after buying an additional 98 shares during the last quarter. Signaturefd LLC raised its stake 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 valued at $69,000 after buying an additional 390 shares during the last quarter. Finally, CWM LLC raised its stake 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 valued at $1,020,000 after buying an additional 2,791 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Truist Financial lifted their price target 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. JPMorgan Chase & Co. cut their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Finally, Barclays cut their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Science Applications International has a consensus rating of "Hold" and a consensus price target of $125.64.

Science Applications International Trading Up 0.0%

NYSE:SAIC traded up $0.02 during trading hours on Friday, reaching $111.50. 231,179 shares of the stock were exchanged, compared to its average volume of 684,556. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average of $110.89 and a two-hundred day moving average of $111.43. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 18.82 and a beta of 0.49.

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 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%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.92 EPS. On average, equities analysts predict 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 was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

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.