Science Applications International Co. (NYSE:SAIC) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Science Applications International Co. (NYSE:SAIC) by 21.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,589 shares of the information technology services provider’s stock after acquiring an additional 44,990 shares during the period. Van ECK Associates Corp owned approximately 0.51% of Science Applications International worth $36,070,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in Science Applications International in the second quarter valued at $27,000. UMB Bank n.a. grew its stake 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 buying an additional 171 shares during the last quarter. GAMMA Investing LLC increased its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the period. Fifth Third Bancorp lifted its stake 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 valued at $42,000 after buying an additional 84 shares during the last quarter. Finally, CWM LLC lifted its stake in Science Applications International by 56.8% in the second 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. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Up 1.0 %

Shares of SAIC opened at $146.14 on Tuesday. Science Applications International Co. has a twelve month low of $109.46 and a twelve month high of $148.65. 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 firm has a market capitalization of $7.24 billion, a P/E ratio of 26.28 and a beta of 0.70. The firm’s 50-day moving average is $139.46 and its two-hundred day moving average is $129.63.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. Science Applications International’s revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Science Applications International Co. will post 8.2 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s payout ratio is currently 26.62%.

Analyst Upgrades and Downgrades

SAIC has been the topic of a number of recent research reports. TD Cowen lifted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Truist Financial lifted 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. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. Finally, JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $150.43.

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 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.