16,122 Science Applications International Corporation $SAIC Shares Purchased by Isthmus Partners LLC

Isthmus Partners LLC grew its holdings in shares of Science Applications International Corporation (NASDAQ:SAIC) by 269.3% in the third quarter, HoldingsChannel reports. The fund owned 22,109 shares of the company’s stock after buying an additional 16,122 shares during the period. Isthmus Partners LLC’s holdings in Science Applications International were worth $2,820,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in SAIC. Cetera Investment Advisers increased its holdings in shares of Science Applications International by 47.2% during the first quarter. Cetera Investment Advisers now owns 29,781 shares of the company’s stock valued at $2,827,000 after purchasing an additional 9,550 shares during the period. Bank of America Corp DE raised its stake in shares of Science Applications International by 17.5% during the first quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after purchasing an additional 56,720 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Science Applications International by 13.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after purchasing an additional 185,066 shares in the last quarter. Redwood Investment Management LLC bought a new stake in shares of Science Applications International during the second quarter valued at about $2,193,000. Finally, Stephens Inc. AR acquired a new stake in Science Applications International in the first quarter worth about $1,132,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Insider Transactions at Science Applications International

In other news, Director C. David Cush bought 1,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average cost of $132.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $132,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by insiders.

Science Applications International Stock Up 5.0%

Shares of SAIC stock opened at $143.54 on Friday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $143.75. The stock has a market cap of $6.01 billion, a PE ratio of 11.95 and a beta of 0.31. The business’s fifty day moving average is $129.73 and its 200-day moving average is $114.93. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.70. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 EPS. Equities analysts expect that Science Applications International Corporation will post 10.77 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.48 annualized dividend and a yield of 1.0%. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Analysts Set New Price Targets

Several research firms recently weighed in on SAIC. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 27th. Jefferies Financial Group raised their target price on shares of Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. The Goldman Sachs Group boosted their price target on shares of Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research report on Tuesday, September 8th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $125.22.

About Science Applications International

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.