Science Applications International Co. (NYSE:SAIC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 8.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 378,765 shares of the information technology services provider’s stock after purchasing an additional 28,304 shares during the period. American Century Companies Inc. owned about 0.74% of Science Applications International worth $44,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SAIC. Larson Financial Group LLC acquired a new stake in Science Applications International during the second quarter valued at approximately $27,000. Parallel Advisors LLC raised its stake in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp lifted its holdings in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. CWM LLC increased its holdings in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 0.7 %

SAIC stock opened at $137.63 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 16.12 and a beta of 0.70. The business has a fifty day moving average price of $125.41 and a 200 day moving average price of $127.06. Science Applications International Co. has a fifty-two week low of $104.26 and a fifty-two week high of $145.17.

Science Applications International (NYSE:SAIC) last announced 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. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Analysts expect that Science Applications International Co. will post 8.18 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.08%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Insider Transactions at Science Applications International

In other news, EVP Michelle A. O’hara acquired 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were acquired at an average price of $114.28 per share, with a total value of $45,712.00. Following the transaction, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders bought a total of 1,715 shares of company stock worth $200,507 over the last 90 days. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SAIC has been the topic of several recent analyst reports. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. upped their price target on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup boosted their price target on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $139.75.

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.