Brandes Investment Partners LP Has $358,000 Stake in Science Applications International Co. (NYSE:SAIC)

Brandes Investment Partners LP boosted its position in shares of Science Applications International Co. (NYSE:SAIC) by 26.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,047 shares of the information technology services provider’s stock after acquiring an additional 642 shares during the quarter. Brandes Investment Partners LP’s holdings in Science Applications International were worth $358,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in shares of Science Applications International during the 2nd quarter worth approximately $27,000. Parallel Advisors LLC increased its holdings in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Fifth Third Bancorp raised its position in shares of 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 valued at $42,000 after purchasing an additional 84 shares during the period. CWM LLC lifted its stake in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Science Applications International by 150.3% during the 1st 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 Stock Performance

Shares of Science Applications International stock opened at $139.27 on Tuesday. The company has a 50 day moving average of $128.84 and a 200-day moving average of $126.64. The company has a market cap of $6.90 billion, a PE ratio of 16.31 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. Science Applications International Co. has a 1-year low of $104.46 and a 1-year high of $145.17.

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, 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 firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business posted $2.05 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Science Applications International Co. will post 8.17 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.06%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Insider Activity

In related news, EVP Michelle A. O’hara acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,650 shares of company stock worth $196,019. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the subject of several research reports. TD Cowen raised 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 report on Friday, September 6th. Citigroup upped their price objective on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 6th. Barclays boosted their target price 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, September 16th. Truist Financial raised their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Finally, StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One equities 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 company’s stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus price target 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.