Empowered Funds LLC Acquires 487 Shares of Science Applications International Co. (NYSE:SAIC)

Empowered Funds LLC lifted its holdings in Science Applications International Co. (NYSE:SAIC) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,675 shares of the information technology services provider’s stock after acquiring an additional 487 shares during the quarter. Empowered Funds LLC’s holdings in Science Applications International were worth $651,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. UMB Bank n.a. grew its position in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Science Applications International during the second quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp increased its stake 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 worth $42,000 after buying an additional 84 shares during the period. Finally, CWM LLC raised its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Citigroup boosted their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company increased their price objective on Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Science Applications International has a consensus rating of “Hold” and a consensus price target of $150.43.

Science Applications International Trading Down 0.5 %

SAIC opened at $124.20 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International Co. has a 52 week low of $112.00 and a 52 week high of $156.34. The stock has a market cap of $6.15 billion, a PE ratio of 22.34 and a beta of 0.70. The business has a 50 day moving average of $140.79 and a 200-day moving average of $130.34.

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

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International’s dividend payout ratio is 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.