Fox Run Management L.L.C. Lowers Stake in Science Applications International Corporation (NYSE:SAIC)

Fox Run Management L.L.C. lowered its holdings in Science Applications International Corporation (NYSE:SAIC) by 42.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,100 shares of the information technology services provider’s stock after selling 3,800 shares during the quarter. Fox Run Management L.L.C.’s holdings in Science Applications International Corporation were worth $341,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SAIC. Sei Investments Co. grew its position in shares of Science Applications International Corporation by 13.4% in the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock worth $109,000 after buying an additional 186 shares during the last quarter. Bank of Montreal Can grew its position in Science Applications International Corporation by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,071 shares during the last quarter. GLG Partners LP purchased a new stake in Science Applications International Corporation during the 2nd quarter worth approximately $143,000. Riverhead Capital Management LLC grew its position in Science Applications International Corporation by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 930 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Science Applications International Corporation during the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 64.45% of the company’s stock.

In related news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.94% of the stock is owned by company insiders.

Several analysts have weighed in on SAIC shares. Cowen and Company reissued a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, September 8th. Seaport Global Securities reissued a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a research report on Friday, September 8th. Citigroup Inc. raised shares of Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Jefferies Group LLC downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $80.71.

Shares of Science Applications International Corporation (NYSE:SAIC) opened at $68.61 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.41 and a quick ratio of 1.23. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a market cap of $2,966.77, a PE ratio of 18.69, a PEG ratio of 3.86 and a beta of 1.62.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. sell-side analysts anticipate that Science Applications International Corporation will post 3.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 1.81%. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.64%.

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Science Applications International Corporation Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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

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