SG Americas Securities LLC lifted its stake in Science Applications International Corp (NYSE:SAIC) by 130.0% during the first quarter, HoldingsChannel reports. The fund owned 14,708 shares of the information technology services provider’s stock after acquiring an additional 8,314 shares during the quarter. SG Americas Securities LLC’s holdings in Science Applications International were worth $1,132,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System increased its position in Science Applications International by 19.7% in the 1st quarter. Arizona State Retirement System now owns 36,545 shares of the information technology services provider’s stock worth $2,812,000 after buying an additional 6,010 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Science Applications International by 9.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,127 shares of the information technology services provider’s stock worth $856,000 after buying an additional 945 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in Science Applications International in the 1st quarter worth approximately $227,000. Securian Asset Management Inc increased its position in Science Applications International by 21.3% in the 1st quarter. Securian Asset Management Inc now owns 6,215 shares of the information technology services provider’s stock worth $478,000 after buying an additional 1,090 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Science Applications International by 34.9% during the first quarter. Bank of Montreal Can now owns 2,557 shares of the information technology services provider’s stock valued at $196,000 after purchasing an additional 662 shares during the period. 69.53% of the stock is currently owned by institutional investors and hedge funds.
SAIC opened at $73.91 on Wednesday. The company has a market cap of $4.39 billion, a PE ratio of 14.66, a PEG ratio of 2.75 and a beta of 1.52. The company has a current ratio of 1.60, a quick ratio of 1.52 and a debt-to-equity ratio of 1.38. Science Applications International Corp has a 1 year low of $58.19 and a 1 year high of $93.31.
Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.28. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. Science Applications International’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 earnings per share. As a group, research analysts predict that Science Applications International Corp will post 5.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a $0.37 dividend. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 2.00%. Science Applications International’s payout ratio is currently 29.37%.
A number of analysts have recently issued reports on the company. Wells Fargo & Co boosted their price objective on Science Applications International from $70.00 to $77.00 and gave the company a “market perform” rating in a research report on Friday, March 29th. Goldman Sachs Group assumed coverage on Science Applications International in a research report on Thursday, May 9th. They set a “neutral” rating and a $77.00 price objective on the stock. TheStreet cut Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Tuesday, March 12th. Finally, ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $87.13.
In related news, CEO Anthony J. Moraco sold 1,803 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the sale, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.05% of the stock is owned by insiders.
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Science Applications International Company Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
See Also: Earnings Per Share (EPS)
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