W.E. Donoghue & Co. LLC cut its holdings in shares of Science Applications International Corp (NYSE:SAIC) by 42.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,435 shares of the information technology services provider’s stock after selling 5,456 shares during the period. W.E. Donoghue & Co. LLC’s holdings in Science Applications International were worth $644,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Science Applications International by 18.9% during the first quarter. BlackRock Inc. now owns 5,766,169 shares of the information technology services provider’s stock valued at $443,706,000 after purchasing an additional 915,937 shares in the last quarter. FMR LLC boosted its position in shares of Science Applications International by 14.3% during the first quarter. FMR LLC now owns 1,496,111 shares of the information technology services provider’s stock valued at $115,125,000 after purchasing an additional 187,442 shares in the last quarter. Boston Partners bought a new stake in shares of Science Applications International during the first quarter valued at approximately $95,003,000. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,068,009 shares of the information technology services provider’s stock valued at $68,031,000 after purchasing an additional 57,010 shares in the last quarter. Finally, Rubric Capital Management LP bought a new stake in shares of Science Applications International during the first quarter valued at approximately $49,406,000. 75.41% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Anthony J. Moraco sold 14,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $85.65, for a total value of $1,199,100.00. Following the completion of the transaction, the chief executive officer now owns 65,798 shares in the company, valued at $5,635,598.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Moraco sold 12,694 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $85.87, for a total value of $1,090,033.78. Following the completion of the transaction, the chief executive officer now owns 47,661 shares of the company’s stock, valued at approximately $4,092,650.07. The disclosure for this sale can be found here. 1.64% of the stock is owned by insiders.
Science Applications International stock traded down $2.39 during mid-day trading on Friday, hitting $82.62. The company had a trading volume of 264,915 shares, compared to its average volume of 310,220. The company has a quick ratio of 1.18, a current ratio of 1.30 and a debt-to-equity ratio of 1.29. The business has a 50 day simple moving average of $86.32. Science Applications International Corp has a 12 month low of $58.19 and a 12 month high of $93.31. The company has a market capitalization of $5.05 billion, a P/E ratio of 16.39, a PEG ratio of 2.83 and a beta of 1.39.
Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.15. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. Equities research analysts predict that Science Applications International Corp will post 5.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, July 11th. Science Applications International’s dividend payout ratio is currently 29.37%.
Several equities research analysts recently weighed in on SAIC shares. Morgan Stanley restated a “buy” rating and set a $96.00 price target on shares of Science Applications International in a research report on Wednesday, June 12th. Wells Fargo & Co restated a “buy” rating on shares of Science Applications International in a research report on Friday, June 7th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, May 17th. SunTrust Banks boosted their target price on Science Applications International from $100.00 to $130.00 and gave the stock an “average” rating in a report on Friday, June 7th. They noted that the move was a valuation call. Finally, Goldman Sachs Group assumed coverage on Science Applications International in a report on Thursday, May 9th. They issued a “neutral” rating and a $77.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $95.00.
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.
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