Cassaday & Co Wealth Management LLC Has $1.79 Million Stock Holdings in Science Applications International Co. (NYSE:SAIC)

Cassaday & Co Wealth Management LLC grew its holdings in Science Applications International Co. (NYSE:SAIC) by 59.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,834 shares of the information technology services provider’s stock after buying an additional 4,796 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Science Applications International were worth $1,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after acquiring an additional 4,939 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after acquiring an additional 44,990 shares during the last quarter. Apella Capital LLC bought a new position in Science Applications International in the second quarter valued at about $820,000. International Assets Investment Management LLC boosted its holdings in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares during the last quarter. Finally, Caxton Associates LP bought a new position in Science Applications International in the first quarter valued at about $937,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIC. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Citigroup raised their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Truist Financial raised their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, Barclays raised their target price on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $150.43.

Science Applications International Trading Down 2.8 %

NYSE SAIC opened at $122.40 on Monday. The firm has a market cap of $6.06 billion, a P/E ratio of 22.01 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50-day moving average is $142.06 and its 200-day moving average is $130.69. Science Applications International Co. has a one year low of $112.00 and a one year high of $156.34.

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

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

Science Applications International Company 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.