AMI Asset Management Corp reduced its position in Science Applications International Corp (NYSE:SAIC) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,770 shares of the information technology services provider’s stock after selling 4,481 shares during the quarter. AMI Asset Management Corp owned approximately 0.38% of Science Applications International worth $12,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in Science Applications International by 73.8% in the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock worth $128,000 after buying an additional 708 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Science Applications International by 213.7% in the third quarter. Public Employees Retirement System of Ohio now owns 35,630 shares of the information technology services provider’s stock worth $2,382,000 after buying an additional 24,273 shares during the last quarter. Cetera Advisor Networks LLC purchased a new stake in Science Applications International in the third quarter worth $223,000. Point72 Asset Management L.P. purchased a new stake in Science Applications International in the third quarter worth $3,657,000. Finally, Jane Street Group LLC purchased a new stake in Science Applications International in the third quarter worth $1,050,000. 64.13% of the stock is owned by institutional investors and hedge funds.
Science Applications International Corp (NYSE SAIC) traded down $0.56 during trading on Tuesday, hitting $77.69. The stock had a trading volume of 133,049 shares, compared to its average volume of 197,520. Science Applications International Corp has a 52-week low of $60.21 and a 52-week high of $89.87. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $3,320.00, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.29 and a beta of 1.61.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, December 7th. The information technology services provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.12. Science Applications International had a return on equity of 50.26% and a net margin of 3.77%. research analysts forecast that Science Applications International Corp will post 3.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Thursday, January 11th. Science Applications International’s payout ratio is currently 33.97%.
A number of research firms have issued reports on SAIC. Wells Fargo & Co raised Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Wednesday, October 25th. Cowen reissued a “market perform” rating and issued a $72.00 target price (down from $75.00) on shares of Science Applications International in a research report on Thursday, October 5th. Jefferies Group reissued a “hold” rating and issued a $66.00 target price on shares of Science Applications International in a research report on Tuesday, October 24th. SunTrust Banks reissued a “buy” rating and issued a $93.00 target price on shares of Science Applications International in a research report on Friday, October 6th. Finally, BidaskClub downgraded Science Applications International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Science Applications International currently has an average rating of “Hold” and a consensus price target of $82.38.
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Science Applications International Company 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.
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