Quantinno Capital Management LP Grows Holdings in Science Applications International Co. (NYSE:SAIC)

Quantinno Capital Management LP increased its stake in Science Applications International Co. (NYSE:SAIC) by 2.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,556 shares of the information technology services provider’s stock after buying an additional 760 shares during the period. Quantinno Capital Management LP’s holdings in Science Applications International were worth $5,091,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after buying an additional 84 shares during the last quarter. Cetera Investment Advisers lifted its stake in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after purchasing an additional 87 shares during the last quarter. Bank of Montreal Can boosted its holdings in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the period. CWM LLC increased its stake in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Science Applications International by 1.1% during the second quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock worth $1,700,000 after purchasing an additional 152 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Down 2.3 %

Shares of SAIC stock opened at $118.06 on Friday. The firm has a market capitalization of $5.85 billion, a PE ratio of 19.91 and a beta of 0.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Science Applications International Co. has a 1 year low of $112.00 and a 1 year high of $156.34. The stock has a fifty day moving average of $138.09 and a two-hundred day moving average of $129.43.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share 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%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. As a group, research analysts expect that Science Applications International Co. will post 8.57 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued 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 dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

SAIC has been the subject of several research reports. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company raised their price target on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. Finally, TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and an average price target of $145.25.

About Science Applications International

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.