Chicago Equity Partners LLC Lowers Stake in Science Applications International Corporation (SAIC)

Chicago Equity Partners LLC cut its holdings in Science Applications International Corporation (NYSE:SAIC) by 93.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the information technology services provider’s stock after selling 62,795 shares during the quarter. Chicago Equity Partners LLC’s holdings in Science Applications International Corporation were worth $301,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in Science Applications International Corporation by 0.5% during the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after acquiring an additional 100 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Science Applications International Corporation by 3.5% during the second quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 119 shares during the last quarter. Stifel Financial Corp boosted its position in Science Applications International Corporation by 4.6% during the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 128 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Science Applications International Corporation by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock worth $1,227,000 after acquiring an additional 136 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in Science Applications International Corporation by 0.4% during the second quarter. Texas Permanent School Fund now owns 31,910 shares of the information technology services provider’s stock worth $2,215,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 64.57% of the company’s stock.

Science Applications International Corporation (SAIC) opened at $68.97 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.23 and a current ratio of 1.41. The firm has a market cap of $2,982.33, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 3.88 and a beta of 1.62. Science Applications International Corporation has a one year low of $60.21 and a one year high of $89.87.

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

The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, October 12th. Science Applications International Corporation’s dividend payout ratio is currently 34.64%.

A number of analysts recently issued reports on SAIC shares. Cowen and Company restated a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, September 8th. Seaport Global Securities restated a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a research report on Friday, September 8th. Citigroup Inc. upgraded shares of Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Jefferies Group LLC restated a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a research report on Tuesday, October 24th. Finally, BidaskClub upgraded shares of Science Applications International Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Science Applications International Corporation currently has a consensus rating of “Hold” and an average price target of $80.71.

In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.94% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Chicago Equity Partners LLC Lowers Stake in Science Applications International Corporation (SAIC)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/11/19/chicago-equity-partners-llc-lowers-stake-in-science-applications-international-corporation-saic.html.

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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Corporation (NYSE:SAIC).

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

Receive News & Ratings for Science Applications International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply