Thrivent Financial for Lutherans Lowers Position in Science Applications International Co. (NYSE:SAIC)

Thrivent Financial for Lutherans lowered its stake in shares of Science Applications International Co. (NYSE:SAIC) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,035 shares of the information technology services provider’s stock after selling 353 shares during the period. Thrivent Financial for Lutherans’ holdings in Science Applications International were worth $1,676,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SAIC. Lazard Asset Management LLC boosted its holdings in Science Applications International by 68.5% in the first quarter. Lazard Asset Management LLC now owns 2,814 shares of the information technology services provider’s stock valued at $366,000 after acquiring an additional 1,144 shares during the last quarter. Burney Co. grew its holdings in shares of Science Applications International by 0.9% during the 1st quarter. Burney Co. now owns 17,686 shares of the information technology services provider’s stock worth $2,306,000 after purchasing an additional 166 shares during the period. Cetera Investment Advisers grew its holdings in shares of Science Applications International by 776.8% during the 1st quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider’s stock worth $2,474,000 after purchasing an additional 16,809 shares during the period. Cetera Advisors LLC acquired a new stake in Science Applications International during the 1st quarter worth approximately $497,000. Finally, Apella Capital LLC purchased a new position in Science Applications International in the second quarter valued at approximately $820,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analysts Set New Price Targets

SAIC has been the subject of several research reports. TD Cowen boosted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. Barclays boosted their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Finally, StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.00.

Science Applications International Trading Up 0.8 %

Shares of SAIC opened at $124.25 on Friday. Science Applications International Co. has a one year low of $112.00 and a one year high of $156.34. The stock has a 50-day moving average price of $139.60 and a 200 day moving average price of $129.98. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $6.15 billion, a P/E ratio of 22.35 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its quarterly 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 net margin of 3.97% and a return on equity of 22.88%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.05 earnings per share. Sell-side analysts forecast that Science Applications International Co. will post 8.21 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. Science Applications International’s dividend payout ratio (DPR) 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.