Dana Investment Advisors Inc. Increases Stock Position in Science Applications International Co. (NYSE:SAIC)

Dana Investment Advisors Inc. boosted its holdings in Science Applications International Co. (NYSE:SAIC) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,823 shares of the information technology services provider’s stock after purchasing an additional 1,879 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Science Applications International were worth $3,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Science Applications International by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 63,049 shares of the information technology services provider’s stock valued at $7,838,000 after purchasing an additional 223 shares during the period. Advisory Services Network LLC purchased a new position in shares of Science Applications International during the fourth quarter worth about $193,000. Parallel Advisors LLC grew its holdings in shares of Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the last quarter. TFO Wealth Partners LLC increased its position in Science Applications International by 17,644.4% in the 4th quarter. TFO Wealth Partners LLC now owns 1,597 shares of the information technology services provider’s stock valued at $199,000 after acquiring an additional 1,588 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its stake in Science Applications International by 44.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 6,477 shares of the information technology services provider’s stock valued at $805,000 after acquiring an additional 1,998 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

NYSE SAIC opened at $140.77 on Wednesday. The business has a 50 day moving average price of $129.18 and a 200 day moving average price of $126.63. The company has a market capitalization of $7.21 billion, a P/E ratio of 16.48 and a beta of 0.70. Science Applications International Co. has a 1-year low of $104.46 and a 1-year high of $145.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue was up 2.0% on a year-over-year basis. Sell-side analysts expect that Science Applications International Co. will post 8.17 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.05%. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Transactions at Science Applications International

In related news, EVP Michelle A. O’hara bought 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares in the company, valued at $3,952,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Michelle A. O’hara bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Joshua Jackson bought 400 shares of Science Applications International stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders acquired a total of 1,550 shares of company stock valued at $184,319 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SAIC shares. JPMorgan Chase & Co. lifted their target price on Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Citigroup raised their target price on shares of Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. 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. Finally, Truist Financial raised their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $139.75.

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.