Science Applications International Co. (NYSE:SAIC) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Science Applications International Co. (NYSE:SAICGet Rating) by 82.7% in the 2nd quarter, Holdings Channel reports. The fund owned 17,235 shares of the information technology services provider’s stock after acquiring an additional 7,799 shares during the period. Envestnet Asset Management Inc.’s holdings in Science Applications International were worth $1,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Prospera Financial Services Inc acquired a new stake in Science Applications International during the 1st quarter valued at approximately $92,000. Covestor Ltd raised its holdings in Science Applications International by 90.6% in the first quarter. Covestor Ltd now owns 1,590 shares of the information technology services provider’s stock valued at $147,000 after acquiring an additional 756 shares in the last quarter. Wilsey Asset Management Inc. bought a new position in Science Applications International during the 2nd quarter valued at $201,000. Engineers Gate Manager LP acquired a new position in Science Applications International during the 1st quarter worth $219,000. Finally, Hightower 6M Holding LLC bought a new stake in shares of Science Applications International in the 1st quarter worth about $231,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $107.06 on Monday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 23.43 and a beta of 0.75. The firm’s 50-day moving average price is $98.42 and its two-hundred day moving average price is $93.37. Science Applications International Co. has a 52-week low of $78.10 and a 52-week high of $113.03. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.49.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings data on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.07. Science Applications International had a return on equity of 24.18% and a net margin of 3.46%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, sell-side analysts forecast that Science Applications International Co. will post 7.1 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.38%. Science Applications International’s dividend payout ratio (DPR) is presently 32.39%.

Analyst Upgrades and Downgrades

SAIC has been the topic of several research analyst reports. Jefferies Financial Group cut shares of Science Applications International from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a research report on Thursday. StockNews.com began coverage on Science Applications International in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $106.43.

Science Applications International Company 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.

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

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