Townsquare Capital LLC Invests $254,000 in Science Applications International Co. (NYSE:SAIC)

Townsquare Capital LLC purchased a new position in Science Applications International Co. (NYSE:SAIC) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,821 shares of the information technology services provider’s stock, valued at approximately $254,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its stake in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after buying an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares during the last quarter. Van ECK Associates Corp boosted 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 buying an additional 44,990 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in Science Applications International by 59.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after buying an additional 4,796 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after buying an additional 245,005 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Citigroup upped their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays upped their price target on 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. JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Truist Financial upped their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and an average price target of $145.25.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $118.06 on Friday. The stock’s 50-day moving average is $138.09 and its two-hundred day moving average is $129.49. 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 Co. has a 1-year low of $112.00 and a 1-year high of $156.34. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 21.23 and a beta of 0.64.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share 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 company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business earned $2.05 EPS. Science Applications International’s revenue was up 2.0% on a year-over-year basis. Analysts forecast that Science Applications International Co. will post 8.21 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.25%. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

About Science Applications International

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.