Olympiad Research LP Cuts Position in Science Applications International Co. (NYSE:SAIC)

Olympiad Research LP lowered its stake in shares of Science Applications International Co. (NYSE:SAIC) by 5.4% during the third quarter, Holdings Channel reports. The fund owned 2,024 shares of the information technology services provider’s stock after selling 115 shares during the period. Olympiad Research LP’s holdings in Science Applications International were worth $282,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Twin Tree Management LP purchased a new stake in shares of Science Applications International during the first quarter worth $649,000. Cumberland Partners Ltd purchased a new stake in shares of Science Applications International during the first quarter worth $652,000. Sei Investments Co. increased its position in shares of Science Applications International by 53.9% during the first quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock worth $11,284,000 after acquiring an additional 30,325 shares during the period. Farther Finance Advisors LLC increased its position in shares of Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after acquiring an additional 4,939 shares during the period. Finally, Apella Capital LLC purchased a new stake in shares of Science Applications International during the second quarter worth $820,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and increased their target price for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. TD Cowen increased their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Citigroup increased their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Truist Financial increased their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $150.43.

Science Applications International Stock Performance

NYSE SAIC opened at $148.94 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International Co. has a 1 year low of $109.46 and a 1 year high of $156.34. The company has a market capitalization of $7.38 billion, a PE ratio of 26.81 and a beta of 0.70. The company has a fifty day moving average of $140.28 and a two-hundred day moving average of $129.94.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts expect that Science Applications International Co. will post 8.2 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 0.99%. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

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.