Quantinno Capital Management LP boosted its stake in Science Applications International Corporation (NASDAQ:SAIC – Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,569 shares of the company’s stock after purchasing an additional 21,115 shares during the quarter. Quantinno Capital Management LP’s holdings in Science Applications International were worth $6,888,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in SAIC. Cresset Asset Management LLC increased its position in shares of Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after buying an additional 88 shares during the period. Focus Partners Wealth boosted its position in shares of Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares during the period. International Assets Investment Management LLC grew its stake in Science Applications International by 5.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock valued at $213,000 after acquiring an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Science Applications International by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock valued at $319,000 after acquiring an additional 115 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Science Applications International by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock worth $3,067,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.
Science Applications International Stock Down 0.1%
Shares of SAIC opened at $120.30 on Thursday. Science Applications International Corporation has a 1 year low of $81.08 and a 1 year high of $123.41. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $112.63 and a two-hundred day simple moving average of $101.81. The firm has a market cap of $5.09 billion, a P/E ratio of 13.55 and a beta of 0.28.
Science Applications International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, July 10th. Science Applications International’s dividend payout ratio (DPR) is presently 16.67%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. BNP Paribas Exane started coverage on shares of Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target on the stock. TD Cowen decreased their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Truist Financial reiterated a “hold” rating and issued a $110.00 price objective (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. Finally, UBS Group lifted their price objective on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $115.22.
Read Our Latest Research Report on Science Applications International
Science Applications International Profile
Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.
Founded in 1969 by J.
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