Science Applications International Co. (NYSE:SAIC) Shares Bought by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. grew its position in Science Applications International Co. (NYSE:SAIC) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,823 shares of the information technology services provider’s stock after acquiring an additional 1,879 shares during the period. Dana Investment Advisors Inc. owned about 0.06% of Science Applications International worth $3,741,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of Science Applications International by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 63,049 shares of the information technology services provider’s stock worth $7,838,000 after purchasing an additional 223 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Science Applications International in the fourth quarter worth approximately $193,000. Parallel Advisors LLC boosted its stake 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 worth $32,000 after acquiring an additional 100 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Science Applications International by 17,644.4% during the fourth quarter. TFO Wealth Partners LLC now owns 1,597 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 1,588 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in Science Applications International by 44.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 6,477 shares of the information technology services provider’s stock valued at $805,000 after purchasing an additional 1,998 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Up 1.1 %

NYSE:SAIC opened at $140.77 on Wednesday. Science Applications International Co. has a 12-month low of $104.46 and a 12-month high of $145.17. The firm has a market cap of $7.21 billion, a PE ratio of 16.48 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 stock has a fifty day moving average price of $129.18 and a 200 day moving average price of $126.63.

Science Applications International (NYSE:SAIC) last released 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Science Applications International Co. will post 8.17 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.05%. Science Applications International’s payout ratio is currently 17.33%.

Insider Buying and Selling

In other Science Applications International news, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the acquisition, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Science Applications International news, EVP James Joshua Jackson bought 400 shares of the business’s stock in a transaction dated 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 owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,550 shares of company stock worth $184,319. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Citigroup raised their target price on shares of Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. TD Cowen increased their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” 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. Finally, StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.