LS Investment Advisors LLC lowered its position in Science Applications International Corp (NYSE:SAIC) by 11.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,263 shares of the information technology services provider’s stock after selling 285 shares during the quarter. LS Investment Advisors LLC’s holdings in Science Applications International were worth $198,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio increased its holdings in shares of Science Applications International by 69.0% in the second quarter. Strs Ohio now owns 9,800 shares of the information technology services provider’s stock worth $848,000 after purchasing an additional 4,000 shares during the period. Swiss National Bank grew its position in Science Applications International by 2.2% in the second quarter. Swiss National Bank now owns 99,015 shares of the information technology services provider’s stock worth $8,571,000 after acquiring an additional 2,100 shares in the last quarter. Arizona State Retirement System grew its position in Science Applications International by 1.1% in the second quarter. Arizona State Retirement System now owns 36,938 shares of the information technology services provider’s stock worth $3,197,000 after acquiring an additional 393 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Science Applications International in the second quarter worth $40,457,000. Finally, Advisory Services Network LLC grew its position in Science Applications International by 54.5% in the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 176 shares in the last quarter. 79.46% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on SAIC shares. Cowen upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $92.00 to $102.00 in a research report on Monday, September 9th. ValuEngine lowered shares of Science Applications International from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. Barclays started coverage on shares of Science Applications International in a research report on Friday, September 20th. They issued an “overweight” rating and a $105.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Science Applications International in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $102.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Science Applications International presently has a consensus rating of “Buy” and an average price target of $98.50.
NYSE SAIC opened at $82.28 on Friday. The company has a 50-day simple moving average of $83.13 and a two-hundred day simple moving average of $82.72. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. Science Applications International Corp has a 12-month low of $58.19 and a 12-month high of $92.49. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.69 and a beta of 1.31.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.08. Science Applications International had a net margin of 2.71% and a return on equity of 23.15%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue was up 43.0% on a year-over-year basis. Equities analysts expect that Science Applications International Corp will post 5.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.80%. Science Applications International’s payout ratio is 29.37%.
In other Science Applications International news, Director John J. Hamre sold 10,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $86.43, for a total transaction of $864,300.00. Following the completion of the sale, the director now directly owns 21,121 shares in the company, valued at $1,825,488.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.64% of the company’s stock.
Science Applications International Company Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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