State of Tennessee Treasury Department Boosts Stake in Science Applications International Corporation (SAIC)

State of Tennessee Treasury Department lifted its position in shares of Science Applications International Corporation (NYSE:SAIC) by 73.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 80,000 shares of the information technology services provider’s stock after acquiring an additional 33,886 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.19% of Science Applications International Corporation worth $5,348,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management grew its stake in shares of Science Applications International Corporation by 30.4% during the 3rd quarter. Brookstone Capital Management now owns 5,949 shares of the information technology services provider’s stock worth $398,000 after acquiring an additional 1,387 shares during the period. Wedge Capital Management L L P NC boosted its stake in Science Applications International Corporation by 16.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 244,413 shares of the information technology services provider’s stock worth $16,339,000 after purchasing an additional 34,861 shares during the period. Foundry Partners LLC boosted its stake in Science Applications International Corporation by 7.6% in the 3rd quarter. Foundry Partners LLC now owns 120,020 shares of the information technology services provider’s stock worth $8,023,000 after purchasing an additional 8,528 shares during the period. Crossmark Global Holdings Inc. bought a new position in Science Applications International Corporation in the 3rd quarter worth about $339,000. Finally, First Midwest Bank Trust Division bought a new position in Science Applications International Corporation in the 3rd quarter worth about $458,000. Institutional investors own 64.57% of the company’s stock.

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In other news, COO Nazzic S. Keene sold 18,772 shares of Science Applications International Corporation stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.94% of the company’s stock.

Several research analysts have commented on the company. BidaskClub downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company upgraded Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Wednesday, October 25th. Jefferies Group LLC restated a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a research note on Tuesday, October 24th. Citigroup Inc. upgraded Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, SunTrust Banks, Inc. restated a “buy” rating and issued a $93.00 target price on shares of Science Applications International Corporation in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Science Applications International Corporation currently has a consensus rating of “Hold” and a consensus price target of $80.71.

Shares of Science Applications International Corporation (SAIC) opened at $68.08 on Wednesday. The stock has a market capitalization of $2,950.73, a PE ratio of 18.59, a PEG ratio of 3.84 and a beta of 1.62. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. sell-side analysts forecast that Science Applications International Corporation will post 3.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.82%. Science Applications International Corporation’s dividend payout ratio (DPR) is presently 34.64%.

Science Applications International Corporation Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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Institutional Ownership by Quarter for Science Applications International Corporation (NYSE:SAIC)

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