Teachers Retirement System of The State of Kentucky Cuts Holdings in Science Applications International Corp (SAIC)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Science Applications International Corp (NYSE:SAIC) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,216 shares of the information technology services provider’s stock after selling 1,938 shares during the quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Science Applications International worth $2,032,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. lifted its position in Science Applications International by 536.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock valued at $164,000 after acquiring an additional 1,712 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in Science Applications International in the 2nd quarter valued at approximately $201,000. Point72 Hong Kong Ltd lifted its position in Science Applications International by 219.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 1,797 shares in the last quarter. Destination Wealth Management lifted its position in Science Applications International by 38.6% in the 2nd quarter. Destination Wealth Management now owns 2,771 shares of the information technology services provider’s stock valued at $224,000 after acquiring an additional 771 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in Science Applications International in the 2nd quarter valued at approximately $229,000. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of SAIC opened at $69.03 on Monday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 19.56, a P/E/G ratio of 3.06 and a beta of 1.49. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.61. Science Applications International Corp has a 1-year low of $66.11 and a 1-year high of $93.31.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $0.99 by $0.14. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. Science Applications International’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Sell-side analysts expect that Science Applications International Corp will post 4.51 earnings per share for the current year.

A number of equities research analysts have weighed in on SAIC shares. Zacks Investment Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Wells Fargo & Co reiterated a “hold” rating and set a $84.00 target price (down from $88.00) on shares of Science Applications International in a research note on Monday, September 10th. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research note on Tuesday, September 11th. Jefferies Financial Group upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, September 25th. Finally, ValuEngine lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $86.86.

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About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; 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.

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

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