International Assets Investment Management LLC Has $34.22 Million Stock Position in Science Applications International Co. (NYSE:SAIC)

International Assets Investment Management LLC boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 36,732.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245,672 shares of the information technology services provider’s stock after buying an additional 245,005 shares during the quarter. International Assets Investment Management LLC owned approximately 0.50% of Science Applications International worth $34,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIC. Twin Tree Management LP acquired a new stake in shares of Science Applications International during the 1st quarter valued at $649,000. Cumberland Partners Ltd bought a new stake in shares of Science Applications International during the first quarter worth about $652,000. Sei Investments Co. increased its stake in shares of Science Applications International by 53.9% in the first quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock valued at $11,284,000 after buying an additional 30,325 shares during the period. Van ECK Associates Corp increased its stake in shares of Science Applications International by 234.3% in the first quarter. Van ECK Associates Corp now owns 92,339 shares of the information technology services provider’s stock valued at $12,040,000 after buying an additional 64,715 shares during the period. Finally, Apella Capital LLC acquired a new stake in Science Applications International during the 2nd quarter worth approximately $820,000. Institutional investors own 76.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Truist Financial raised their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Wells Fargo & Company increased their price target on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $150.43.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $144.83 on Tuesday. The company has a market cap of $7.17 billion, a P/E ratio of 26.05 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The business has a 50-day moving average price of $137.64 and a two-hundred day moving average price of $128.85. Science Applications International Co. has a 1-year low of $106.59 and a 1-year high of $148.65.

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

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

Science Applications International 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.