Natixis Advisors L.P. acquired a new position in shares of Science Applications International Corp (NYSE:SAIC) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 42,787 shares of the information technology services provider’s stock, valued at approximately $3,193,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carmichael Hill & Associates Inc. bought a new stake in shares of Science Applications International in the 4th quarter valued at about $27,000. TRUE Private Wealth Advisors bought a new stake in shares of Science Applications International in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC grew its position in shares of Science Applications International by 274.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 449 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 329 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Science Applications International in the 4th quarter valued at about $50,000. Finally, Parkside Financial Bank & Trust grew its position in shares of Science Applications International by 58.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 586 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 77.41% of the company’s stock.
A number of equities research analysts have commented on SAIC shares. Zacks Investment Research lowered Science Applications International from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Monday, April 27th. Morgan Stanley upped their target price on Science Applications International from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, April 14th. Stifel Nicolaus upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Thursday, April 2nd. ValuEngine lowered Science Applications International from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. Finally, Barclays restated a “buy” rating and set a $115.00 target price on shares of Science Applications International in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $97.91.
In other Science Applications International news, CEO Nazzic S. Keene acquired 14,300 shares of the company’s stock in a transaction that occurred on Friday, April 3rd. The stock was bought at an average price of $70.75 per share, with a total value of $1,011,725.00. Following the completion of the purchase, the chief executive officer now owns 51,707 shares of the company’s stock, valued at $3,658,270.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Yvette Kanouff acquired 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The shares were acquired at an average cost of $70.35 per share, with a total value of $105,525.00. Following the purchase, the director now directly owns 2,399 shares of the company’s stock, valued at approximately $168,769.65. The disclosure for this purchase can be found here. 1.64% of the stock is owned by company insiders.
Shares of NYSE SAIC opened at $81.75 on Wednesday. Science Applications International Corp has a 1-year low of $45.45 and a 1-year high of $96.80. The stock has a fifty day simple moving average of $76.80 and a two-hundred day simple moving average of $83.08. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 1.30. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 21.34 and a beta of 1.07.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, March 26th. The information technology services provider reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.24. Science Applications International had a return on equity of 25.09% and a net margin of 3.54%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. Analysts forecast that Science Applications International Corp will post 6.1 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, April 8th. Science Applications International’s payout ratio is currently 26.15%.
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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