Vise Technologies Inc. Takes Position in Science Applications International Co. (NYSE:SAIC)

Vise Technologies Inc. bought a new stake in shares of Science Applications International Co. (NYSE:SAICGet Rating) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,942 shares of the information technology services provider’s stock, valued at approximately $271,000.

Other institutional investors also recently made changes to their positions in the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Science Applications International in the 1st quarter worth approximately $79,000. Prospera Financial Services Inc bought a new position in Science Applications International in the 1st quarter worth approximately $92,000. Covestor Ltd grew its holdings in Science Applications International by 90.6% in the 1st quarter. Covestor Ltd now owns 1,590 shares of the information technology services provider’s stock worth $147,000 after buying an additional 756 shares in the last quarter. Purus Wealth Management LLC bought a new position in Science Applications International in the 1st quarter worth approximately $206,000. Finally, MQS Management LLC bought a new position in Science Applications International in the 4th quarter worth approximately $219,000. 75.26% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $93.15 on Friday. Science Applications International Co. has a one year low of $78.10 and a one year high of $97.82. The stock has a fifty day moving average of $93.54 and a 200-day moving average of $90.16. The company has a market capitalization of $5.14 billion, a PE ratio of 20.38 and a beta of 0.70. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 1.07.

Science Applications International (NYSE:SAICGet Rating) last released its earnings results on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.07. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 24.18% and a net margin of 3.46%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 earnings per share. As a group, equities analysts anticipate that Science Applications International Co. will post 7.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. Science Applications International’s dividend payout ratio is 32.39%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Cowen increased their price objective on Science Applications International from $111.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, June 7th. Barclays increased their price target on Science Applications International from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 7th. Finally, Cowen increased their price target on Science Applications International from $111.00 to $120.00 in a research note on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $102.86.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 2,600 shares of the stock in a transaction on Monday, July 11th. The stock was sold at an average price of $93.30, for a total transaction of $242,580.00. Following the completion of the sale, the director now directly owns 7,813 shares in the company, valued at $728,952.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.12% of the stock is owned by corporate insiders.

About Science Applications International

(Get Rating)

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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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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