OneAscent Financial Services LLC Takes Position in Science Applications International Co. (NYSE:SAIC)

OneAscent Financial Services LLC bought a new stake in Science Applications International Co. (NYSE:SAIC) in the third quarter, HoldingsChannel reports. The fund bought 2,687 shares of the information technology services provider’s stock, valued at approximately $374,000.

A number of other large investors have also recently made changes to their positions in SAIC. Larson Financial Group LLC acquired a new stake in Science Applications International during the 2nd quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC increased its holdings in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on SAIC shares. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Citigroup upped their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. TD Cowen raised their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Barclays increased their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $150.43.

Science Applications International Stock Down 1.9 %

Shares of SAIC stock opened at $120.03 on Tuesday. Science Applications International Co. has a 52-week low of $112.00 and a 52-week high of $156.34. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 15.96 and a beta of 0.70. The firm’s 50-day moving average is $142.06 and its 200-day moving average is $130.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $2.05 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, October 11th. Science Applications International’s payout ratio is currently 26.62%.

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.