Science Applications International Co. $SAIC Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,519,046 shares of the information technology services provider’s stock after buying an additional 53,895 shares during the period. First Trust Advisors LP’s holdings in Science Applications International were worth $150,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Science Applications International by 324.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 188 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Science Applications International in the third quarter worth approximately $29,000. Rakuten Securities Inc. boosted its holdings in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 249 shares during the period. True Wealth Design LLC grew its position in Science Applications International by 315.5% during the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 265 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in Science Applications International by 281.1% during the third quarter. Hantz Financial Services Inc. now owns 465 shares of the information technology services provider’s stock valued at $46,000 after purchasing an additional 343 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average price of $100.17 per share, for a total transaction of $100,170.00. Following the acquisition, the chief executive officer owned 26,460 shares of the company’s stock, valued at $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.44% of the stock is currently owned by company insiders.

Science Applications International Trading Up 2.1%

NYSE:SAIC opened at $95.40 on Friday. The company has a market capitalization of $4.31 billion, a P/E ratio of 16.09 and a beta of 0.31. The stock’s 50 day moving average price is $99.42 and its 200 day moving average price is $99.33. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International Co. has a 52 week low of $81.08 and a 52 week high of $124.11.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.61 earnings per share. On average, research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. UBS Group upped their price target on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Finally, The Goldman Sachs Group cut their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $116.44.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.