GAMMA Investing LLC Purchases 203 Shares of Science Applications International Co. (NYSE:SAIC)

GAMMA Investing LLC grew its holdings in Science Applications International Co. (NYSE:SAIC) by 236.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 289 shares of the information technology services provider’s stock after purchasing an additional 203 shares during the quarter. GAMMA Investing LLC’s holdings in Science Applications International were worth $40,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in Science Applications International in the fourth quarter valued at approximately $950,000. Global Assets Advisory LLC acquired a new position in shares of Science Applications International in the 1st quarter valued at $11,044,000. Oliver Luxxe Assets LLC boosted its position in shares of Science Applications International by 1.3% in the 1st quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock worth $1,187,000 after purchasing an additional 119 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Science Applications International by 192.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 25,835 shares of the information technology services provider’s stock worth $3,369,000 after purchasing an additional 17,010 shares during the period. Finally, State of Michigan Retirement System increased its holdings in Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SAIC shares. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. Citigroup boosted their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.43.

Science Applications International Trading Up 0.3 %

Shares of NYSE:SAIC opened at $147.64 on Friday. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 26.55 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 12 month low of $105.97 and a 12 month high of $148.57. The company’s fifty day simple moving average is $134.67 and its 200 day simple moving average is $128.04.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company posted $2.05 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

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.