Science Applications International Corporation $SAIC Shares Bought by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its SAIC position by 4,112.1% in the third quarter, acquiring 82,982 additional shares for a total holding of 85,000 shares valued at approximately $10.8 million. Institutional investors collectively own 76% of the company.
• SAIC reported quarterly adjusted earnings of $3.01 per share and revenue of $1.88 billion, exceeding analyst expectations; revenue increased 6.3% year over year. The company also pays a quarterly dividend of $0.37 per share, or $1.48 annually.
• SAIC shares opened at $151.86, near their 52-week high of $154.46, while analysts maintain a consensus “Hold” rating with an average price target of $125.22.

International Assets Investment Management LLC lifted its position in Science Applications International Corporation (NASDAQ:SAIC - Free Report) by 4,112.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,000 shares of the company's stock after buying an additional 82,982 shares during the period. International Assets Investment Management LLC owned about 0.20% of Science Applications International worth $10,843,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Science Applications International by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company's stock worth $145,730,000 after acquiring an additional 185,066 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Science Applications International by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 431,455 shares of the company's stock valued at $40,954,000 after purchasing an additional 6,179 shares during the period. Bank of America Corp DE increased its stake in Science Applications International by 17.5% during the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company's stock worth $36,121,000 after purchasing an additional 56,720 shares in the last quarter. MAC Alpha Capital Management LP increased its stake in Science Applications International by 43.8% during the 2nd quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company's stock worth $19,311,000 after purchasing an additional 53,277 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Science Applications International by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 100,737 shares of the company's stock worth $9,562,000 after buying an additional 1,743 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Performance

NASDAQ SAIC opened at $151.86 on Friday. The firm has a market capitalization of $6.36 billion, a P/E ratio of 17.76 and a beta of 0.31. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.71. The firm's fifty day moving average price is $132.46 and its two-hundred day moving average price is $110.94. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $154.46.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.70. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.63 EPS. As a group, research analysts anticipate that Science Applications International Corporation will post 10.77 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, October 9th. Science Applications International's payout ratio is currently 17.31%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director C. David Cush bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average cost of $132.50 per share, with a total value of $132,500.00. Following the acquisition, the director owned 1,000 shares of the company's stock, valued at $132,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Science Applications International from $93.00 to $103.00 and gave the company a "sell" rating in a report on Tuesday, September 8th. Weiss Ratings upgraded shares of Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, October 9th. Stifel Nicolaus boosted their price target on shares of Science Applications International from $137.00 to $154.00 and gave the stock a "buy" rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 27th. Finally, Jefferies Financial Group raised their price objective on Science Applications International from $130.00 to $140.00 and gave the company a "hold" rating in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.22.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC's capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.

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