Science Applications International Co. (NYSE:SAIC) Shares Sold by MQS Management LLC

MQS Management LLC lowered its stake in Science Applications International Co. (NYSE:SAIC) by 40.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,522 shares of the information technology services provider’s stock after selling 1,028 shares during the quarter. MQS Management LLC’s holdings in Science Applications International were worth $212,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after buying an additional 56,414 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after buying an additional 25,807 shares during the last quarter. American Century Companies Inc. increased its stake in Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after purchasing an additional 28,304 shares during the period. AQR Capital Management LLC increased its stake in Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after purchasing an additional 27,664 shares during the period. Finally, Van ECK Associates Corp increased its stake in Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Barclays boosted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. TD Cowen boosted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Truist Financial boosted their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One research 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. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $150.43.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $122.40 on Friday. The firm has a market capitalization of $6.06 billion, a P/E ratio of 22.01 and a beta of 0.70. Science Applications International Co. has a 52 week low of $112.00 and a 52 week high of $156.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm’s 50 day moving average is $142.27 and its two-hundred day moving average is $130.71.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.05 earnings per share. Research analysts forecast that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.21%. Science Applications International’s dividend payout ratio is currently 26.62%.

Science Applications International Company 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.