Science Applications International Co. (NYSE:SAIC) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Science Applications International Co. (NYSE:SAIC) by 77.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 111,179 shares of the information technology services provider’s stock after acquiring an additional 48,639 shares during the quarter. Federated Hermes Inc. owned about 0.19% of Science Applications International worth $9,293,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Systematic Financial Management LP lifted its holdings in shares of Science Applications International by 170.6% in the first quarter. Systematic Financial Management LP now owns 149,749 shares of the information technology services provider’s stock valued at $12,518,000 after buying an additional 94,414 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Science Applications International by 14.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,287 shares of the information technology services provider’s stock valued at $1,825,000 after buying an additional 2,372 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Science Applications International in the fourth quarter valued at $2,412,000. Hohimer Wealth Management LLC lifted its holdings in shares of Science Applications International by 14.3% in the first quarter. Hohimer Wealth Management LLC now owns 26,486 shares of the information technology services provider’s stock valued at $2,214,000 after buying an additional 3,310 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Science Applications International by 23.0% in the fourth quarter. Citigroup Inc. now owns 39,723 shares of the information technology services provider’s stock valued at $3,759,000 after buying an additional 7,426 shares during the period. Institutional investors own 75.72% of the company’s stock.

NYSE:SAIC opened at $90.50 on Friday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 20.95 and a beta of 0.91. Science Applications International Co. has a 1-year low of $68.76 and a 1-year high of $103.95. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $90.10.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Wednesday, June 2nd. The information technology services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.43. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 26.44% and a net margin of 3.54%. Science Applications International’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. As a group, sell-side analysts anticipate that Science Applications International Co. will post 6.35 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Friday, July 16th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, July 15th. Science Applications International’s payout ratio is 23.60%.

In other news, CFO Prabu Natarajan bought 3,000 shares of the company’s stock in a transaction on Monday, April 5th. The shares were bought at an average cost of $84.31 per share, with a total value of $252,930.00. Following the transaction, the chief financial officer now directly owns 12,851 shares in the company, valued at approximately $1,083,467.81. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.86% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut their price objective on Science Applications International from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $90.00 target price on shares of Science Applications International in a report on Thursday, April 1st. Barclays reduced their target price on Science Applications International from $107.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, May 12th. Wells Fargo & Company started coverage on Science Applications International in a report on Tuesday, May 18th. They set an “equal weight” rating and a $95.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their target price on Science Applications International from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, March 30th. 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. The stock has a consensus rating of “Hold” and an average price target of $97.44.

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 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.

Recommended Story: Price to Earnings Ratio (PE) Basics

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

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.