Sanctuary Advisors LLC Invests $2.96 Million in Science Applications International Co. (NYSE:SAIC)

Sanctuary Advisors LLC acquired a new position in shares of Science Applications International Co. (NYSE:SAIC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,882 shares of the information technology services provider’s stock, valued at approximately $2,963,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIC. Larson Financial Group LLC bought a new stake in Science Applications International during the second quarter valued at about $27,000. Parallel Advisors LLC boosted its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Fifth Third Bancorp grew its holdings in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares during the last quarter. CWM LLC increased its position in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after buying an additional 284 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Barclays increased their target price on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Citigroup lifted their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $146.14.

Science Applications International Trading Up 1.1 %

Shares of SAIC opened at $145.64 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a market cap of $7.21 billion, a PE ratio of 17.05 and a beta of 0.70. Science Applications International Co. has a 1 year low of $104.46 and a 1 year high of $145.97. The stock has a 50 day simple moving average of $130.53 and a 200-day simple moving average of $126.99.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $2.05 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts predict that Science Applications International Co. will post 8.19 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.02%. Science Applications International’s dividend payout ratio is 17.33%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the transaction, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, EVP James Joshua Jackson bought 400 shares of Science Applications International stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the transaction, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michelle A. O’hara purchased 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,550 shares of company stock valued at $184,319. Corporate insiders own 0.67% of the company’s stock.

Science Applications International 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.