Quarry LP Makes New $71,000 Investment in Science Applications International Co. (NYSE:SAIC)

Quarry LP purchased a new stake in Science Applications International Co. (NYSE:SAIC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 509 shares of the information technology services provider’s stock, valued at approximately $71,000.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers raised its position in Science Applications International by 776.8% in the 1st quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider’s stock valued at $2,474,000 after buying an additional 16,809 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Science Applications International in the first quarter valued at approximately $497,000. CWM LLC lifted its position in shares of Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Science Applications International by 16.3% during the second quarter. SG Americas Securities LLC now owns 10,845 shares of the information technology services provider’s stock worth $1,275,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Science Applications International by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider’s stock worth $485,000 after purchasing an additional 167 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAIC shares. JPMorgan Chase & Co. cut their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised their target price on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Science Applications International currently has a consensus rating of “Hold” and an average target price of $145.25.

Science Applications International Trading Down 2.3 %

Shares of Science Applications International stock opened at $118.06 on Monday. 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 business has a fifty day simple moving average of $138.09 and a two-hundred day simple moving average of $129.37. 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 capitalization of $5.85 billion, a price-to-earnings ratio of 19.91 and a beta of 0.64.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 EPS. Research analysts forecast that Science Applications International Co. will post 8.57 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a $0.37 dividend. 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 payout ratio is 24.96%.

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.