Hayek Kallen Investment Management acquired a new stake in shares of Science Applications International Corp (NYSE:SAIC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,812 shares of the information technology services provider’s stock, valued at approximately $215,000.
Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of 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 period. Stifel Financial Corp grew its stake in Science Applications International by 4.6% in the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after purchasing an additional 128 shares in the last quarter. Oakbrook Investments LLC bought a new position in Science Applications International in the third quarter worth approximately $221,000. Cetera Advisor Networks LLC bought a new stake in Science Applications International during the 3rd quarter valued at $223,000. Finally, Boston Family Office LLC bought a new stake in Science Applications International during the 4th quarter valued at $229,000. Institutional investors and hedge funds own 63.03% of the company’s stock.
Science Applications International Corp (SAIC) opened at $70.73 on Wednesday. The firm has a market capitalization of $3,027.82, a PE ratio of 18.98, a price-to-earnings-growth ratio of 3.51 and a beta of 1.50. Science Applications International Corp has a 52 week low of $60.21 and a 52 week high of $89.87. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34.
Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share for the quarter, beating 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%. equities research analysts expect that Science Applications International Corp will post 3.67 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, January 11th. Science Applications International’s dividend payout ratio (DPR) is presently 34.07%.
A number of analysts have recently weighed in on SAIC shares. Citigroup raised Science Applications International from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Jefferies Group reissued a “hold” rating and issued a $66.00 price objective on shares of Science Applications International in a research report on Tuesday, October 24th. Wells Fargo & Co raised Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Wednesday, October 25th. BidaskClub raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Science Applications International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Science Applications International presently has a consensus rating of “Hold” and an average price target of $82.38.
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About Science Applications International
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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