Russell Investments Group Ltd. Raises Holdings in Science Applications International Corp (SAIC)

Russell Investments Group Ltd. boosted its position in shares of Science Applications International Corp (NYSE:SAIC) by 192.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 21,993 shares of the information technology services provider’s stock after acquiring an additional 14,476 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Science Applications International worth $1,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. acquired a new position in Science Applications International during the third quarter worth $1,082,000. Savant Capital LLC acquired a new position in Science Applications International during the third quarter worth $249,000. AMI Asset Management Corp lifted its stake in Science Applications International by 51.5% during the third quarter. AMI Asset Management Corp now owns 151,592 shares of the information technology services provider’s stock worth $12,218,000 after purchasing an additional 51,536 shares in the last quarter. Bowling Portfolio Management LLC acquired a new position in Science Applications International during the third quarter worth $739,000. Finally, NJ State Employees Deferred Compensation Plan acquired a new position in Science Applications International during the third quarter worth $725,000. 67.30% of the stock is owned by institutional investors.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Science Applications International from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Drexel Hamilton upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, September 28th. Jefferies Financial Group upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Tuesday, September 25th. Finally, Vertical Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $86.86.

Shares of NYSE SAIC opened at $64.78 on Thursday. The firm has a market capitalization of $2.75 billion, a PE ratio of 18.35, a P/E/G ratio of 2.87 and a beta of 1.49. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.24 and a current ratio of 1.40. Science Applications International Corp has a 12-month low of $64.69 and a 12-month high of $93.31.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.14. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. As a group, analysts anticipate that Science Applications International Corp will post 4.51 earnings per share for the current year.

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About Science Applications International

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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