First Trust Advisors LP Buys 73,363 Shares of Science Applications International Co. $SAIC

First Trust Advisors LP boosted its position in Science Applications International Co. (NYSE:SAIC) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,465,151 shares of the information technology services provider’s stock after purchasing an additional 73,363 shares during the period. First Trust Advisors LP’s holdings in Science Applications International were worth $164,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 188 shares during the period. US Bancorp DE increased its holdings in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. True Wealth Design LLC raised its stake in Science Applications International by 315.5% in the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 265 shares during the period. Quarry LP lifted its holdings in Science Applications International by 97.0% during the first quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock valued at $67,000 after purchasing an additional 293 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in Science Applications International by 638.1% during the second quarter. Allworth Financial LP now owns 620 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 536 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Up 16.3%

SAIC opened at $101.79 on Friday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 17.17 and a beta of 0.30. Science Applications International Co. has a one year low of $84.15 and a one year high of $133.00. The company has a fifty day moving average price of $93.39 and a 200-day moving average price of $105.27. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. Equities research analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is presently 17.92%.

Analyst Ratings Changes

SAIC has been the subject of several recent research reports. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research note on Monday, September 8th. UBS Group reduced their price objective on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Stifel Nicolaus dropped their target price on Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. Jefferies Financial Group cut their price target on Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $115.00 price target (down from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus target price of $115.10.

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.