Truist Financial Corp purchased a new position in Science Applications International Co. (NYSE:SAIC – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,015 shares of the information technology services provider’s stock, valued at approximately $1,505,000.
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Other large investors also recently bought and sold shares of the company. Wipfli Financial Advisors LLC bought a new position in Science Applications International during the third quarter valued at $41,000. Ronald Blue Trust Inc. bought a new position in Science Applications International during the second quarter valued at $57,000. Atlas Capital Advisors LLC bought a new position in Science Applications International during the second quarter valued at $66,000. Lazard Asset Management LLC increased its position in Science Applications International by 95.2% during the second quarter. Lazard Asset Management LLC now owns 972 shares of the information technology services provider’s stock valued at $90,000 after acquiring an additional 474 shares during the last quarter. Finally, USA Financial Portformulas Corp bought a new position in Science Applications International during the third quarter valued at $129,000. Institutional investors own 76.40% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on SAIC shares. Stifel Nicolaus boosted their price objective on shares of Science Applications International from $99.00 to $110.00 in a research report on Monday, December 5th. Morgan Stanley lowered shares of Science Applications International from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $108.00 to $114.00 in a research note on Tuesday, January 3rd. Wells Fargo & Company boosted their target price on shares of Science Applications International from $99.00 to $121.00 in a research note on Tuesday, December 6th. Citigroup began coverage on shares of Science Applications International in a research note on Thursday, December 8th. They set a “buy” rating and a $141.00 target price for the company. Finally, Truist Financial boosted their target price on shares of Science Applications International from $105.00 to $120.00 in a research note on Tuesday, December 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $114.50.
Science Applications International Stock Down 3.1 %
NYSE:SAIC opened at $101.99 on Thursday. Science Applications International Co. has a 1-year low of $78.10 and a 1-year high of $117.94. The company has a 50-day moving average of $109.08 and a 200 day moving average of $99.98. The firm has a market cap of $5.57 billion, a PE ratio of 21.25 and a beta of 0.73. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.01 and a quick ratio of 0.90.
Science Applications International (NYSE:SAIC – Get Rating) last released its quarterly earnings data on Monday, December 5th. The information technology services provider reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.86 billion. Science Applications International had a net margin of 3.58% and a return on equity of 23.84%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share. As a group, research analysts anticipate that Science Applications International Co. will post 7.16 EPS for the current fiscal year.
Science Applications International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, January 12th. Science Applications International’s payout ratio is 30.83%.
About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.
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