Holocene Advisors LP Takes $2.01 Million Position in Science Applications International Co. (NYSE:SAIC)

Holocene Advisors LP bought a new position in Science Applications International Co. (NYSE:SAIC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,400 shares of the information technology services provider’s stock, valued at approximately $2,005,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Benjamin Edwards Inc. bought a new stake in shares of Science Applications International in the third quarter worth approximately $617,000. Townsquare Capital LLC bought a new stake in Science Applications International in the 3rd quarter worth approximately $254,000. BNP Paribas Financial Markets raised its stake in Science Applications International by 79.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider’s stock valued at $1,535,000 after buying an additional 4,866 shares during the last quarter. Bank of Montreal Can raised its stake in Science Applications International by 116.1% during the 3rd quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider’s stock valued at $2,210,000 after buying an additional 8,617 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after buying an additional 6,780 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $118.06 on Friday. The stock has a market cap of $5.85 billion, a PE ratio of 21.23 and a beta of 0.64. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The firm has a fifty day moving average price of $138.09 and a 200-day moving average price of $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 (NYSE:SAIC) last issued its quarterly 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 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 analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $2.05 EPS. Science Applications International’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Science Applications International Co. will post 8.21 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 26.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SAIC. Wells Fargo & Company lifted their price objective on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday. Truist Financial boosted 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. UBS Group initiated coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective on the stock. Barclays boosted 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 report on Monday, September 16th. Finally, TD Cowen increased their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $145.25.

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.