Science Applications International Corp (SAIC) Shares Bought by Fmr LLC

Fmr LLC raised its stake in Science Applications International Corp (NYSE:SAIC) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 1,968,833 shares of the information technology services provider’s stock after purchasing an additional 58,804 shares during the period. Fmr LLC’s holdings in Science Applications International were worth $159,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIC. PNC Financial Services Group Inc. grew its holdings in Science Applications International by 4.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,375 shares of the information technology services provider’s stock worth $1,487,000 after acquiring an additional 732 shares in the last quarter. Legal & General Group Plc grew its holdings in Science Applications International by 26.6% during the 2nd quarter. Legal & General Group Plc now owns 327,926 shares of the information technology services provider’s stock worth $26,539,000 after acquiring an additional 68,845 shares in the last quarter. BlackRock Inc. grew its holdings in Science Applications International by 3.1% during the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock worth $375,682,000 after acquiring an additional 137,944 shares in the last quarter. GAM Holding AG grew its holdings in Science Applications International by 36.2% during the 2nd quarter. GAM Holding AG now owns 12,957 shares of the information technology services provider’s stock worth $1,049,000 after acquiring an additional 3,447 shares in the last quarter. Finally, WBI Investments Inc. grew its holdings in Science Applications International by 50.5% during the 2nd quarter. WBI Investments Inc. now owns 34,200 shares of the information technology services provider’s stock worth $2,768,000 after acquiring an additional 11,480 shares in the last quarter. Institutional investors own 64.93% of the company’s stock.

NYSE SAIC opened at $69.39 on Monday. Science Applications International Corp has a one year low of $66.24 and a one year high of $93.31. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $2.95 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that Science Applications International Corp will post 4.53 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Monday, October 15th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Friday, October 12th. Science Applications International’s dividend payout ratio (DPR) is presently 35.13%.

Several brokerages have weighed in on SAIC. Zacks Investment Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 14th. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Tuesday, September 11th. Cowen reissued a “hold” rating and set a $82.00 price objective on shares of Science Applications International in a report on Tuesday, September 11th. Wells Fargo & Co reissued a “hold” rating and set a $84.00 price objective (down from $88.00) on shares of Science Applications International in a report on Monday, September 10th. Finally, Drexel Hamilton raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $86.86.

Science Applications International Company Profile

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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