Horizon Kinetics Asset Management LLC Sells 5,241 Shares of Science Applications International Co. (NYSE:SAIC)

Horizon Kinetics Asset Management LLC reduced its position in Science Applications International Co. (NYSE:SAIC) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 402,965 shares of the information technology services provider’s stock after selling 5,241 shares during the quarter. Science Applications International accounts for approximately 0.8% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 15th biggest position. Horizon Kinetics Asset Management LLC’s holdings in Science Applications International were worth $56,121,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Science Applications International by 36,732.4% during the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Science Applications International by 122.7% during the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after buying an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares in the last quarter. American Century Companies Inc. lifted its stake in Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after acquiring an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Science Applications International by 9.7% during the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after acquiring an additional 27,664 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Trading Down 0.5 %

Shares of SAIC opened at $124.20 on Monday. Science Applications International Co. has a fifty-two week low of $112.00 and a fifty-two week high of $156.34. The business has a 50-day moving average of $140.79 and a 200 day moving average of $130.32. The firm has a market cap of $6.15 billion, a P/E ratio of 16.19 and a beta of 0.70. 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 (NYSE:SAIC) last released its quarterly earnings data 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. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the firm earned $2.05 EPS. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts forecast that Science Applications International Co. will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAIC. Citigroup raised their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Barclays lifted their target price 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, JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $150.00 to $170.00 in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $150.43.

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.