HighTower Advisors LLC Grows Stake in Science Applications International Co. (NYSE:SAIC)

HighTower Advisors LLC boosted its position in Science Applications International Co. (NYSE:SAICGet Rating) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,362 shares of the information technology services provider’s stock after purchasing an additional 488 shares during the period. HighTower Advisors LLC owned about 0.06% of Science Applications International worth $2,981,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd acquired a new stake in shares of Science Applications International during the fourth quarter worth $70,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in Science Applications International in the first quarter valued at about $79,000. Prospera Financial Services Inc purchased a new position in Science Applications International in the first quarter valued at about $92,000. Purus Wealth Management LLC purchased a new position in Science Applications International in the first quarter valued at about $206,000. Finally, CIBC Asset Management Inc raised its position in Science Applications International by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 2,524 shares of the information technology services provider’s stock valued at $211,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 75.26% of the company’s stock.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 2,600 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $93.30, for a total transaction of $242,580.00. Following the completion of the transaction, the director now owns 7,813 shares in the company, valued at approximately $728,952.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.12% of the stock is currently owned by company insiders.

Science Applications International Trading Down 2.3 %

Science Applications International stock opened at $91.88 on Monday. Science Applications International Co. has a 12 month low of $78.10 and a 12 month high of $97.82. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 19.63 and a beta of 0.68. The business has a 50 day moving average price of $93.48 and a two-hundred day moving average price of $89.31. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.42.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings results on Thursday, September 1st. The information technology services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 25.28% and a net margin of 3.58%. Science Applications International’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $1.97 EPS. As a group, equities analysts forecast that Science Applications International Co. will post 7.07 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, October 13th. Science Applications International’s payout ratio is presently 31.62%.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of analyst reports. Cowen lifted their target price on Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Cowen boosted their price objective on Science Applications International from $111.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 7th. Finally, Barclays boosted their price objective on Science Applications International from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.86.

Science Applications International Profile

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Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

See Also

Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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