Janney Montgomery Scott LLC increased its stake in shares of Science Applications International Co. (NYSE:SAIC – Get Rating) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,173 shares of the information technology services provider's stock after purchasing an additional 1,663 shares during the period. Janney Montgomery Scott LLC's holdings in Science Applications International were worth $1,212,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider's stock valued at $525,321,000 after acquiring an additional 491,167 shares during the period. BlackRock Inc. grew its stake in Science Applications International by 2.0% in the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider's stock valued at $450,486,000 after acquiring an additional 94,874 shares during the period. Boston Partners grew its stake in Science Applications International by 1.4% in the first quarter. Boston Partners now owns 4,143,784 shares of the information technology services provider's stock valued at $381,875,000 after acquiring an additional 56,181 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Science Applications International by 44.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,070,435 shares of the information technology services provider's stock valued at $190,832,000 after acquiring an additional 636,805 shares during the period. Finally, State Street Corp grew its stake in Science Applications International by 5.1% in the first quarter. State Street Corp now owns 1,574,107 shares of the information technology services provider's stock valued at $145,085,000 after acquiring an additional 76,621 shares during the period. 75.26% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Science Applications International in a research note on Wednesday, October 12th. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Science Applications International currently has a consensus rating of "Hold" and an average target price of $105.83.

Science Applications International Stock Down 0.2 %

SAIC stock opened at $109.17 on Monday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.07 and a quick ratio of 0.95. The stock has a market capitalization of $6.02 billion, a P/E ratio of 23.89 and a beta of 0.75. The business has a 50-day moving average of $95.23 and a 200-day moving average of $91.76. Science Applications International Co. has a fifty-two week low of $78.10 and a fifty-two week high of $110.73.

Science Applications International (NYSE:SAIC – Get Rating) last posted its quarterly earnings data on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.07. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.82 billion. Science Applications International had a return on equity of 24.18% and a net margin of 3.46%. Science Applications International's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.97 earnings per share. On average, sell-side analysts anticipate that Science Applications International Co. will post 7.11 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, October 13th. This represents a $1.48 annualized dividend and a yield of 1.36%. Science Applications International's payout ratio is presently 32.39%.

Science Applications International Company Profile

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Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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