Science Applications International Corp (SAIC) Holdings Cut by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. reduced its stake in Science Applications International Corp (NYSE:SAIC) by 8.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 398,362 shares of the information technology services provider’s stock after selling 37,632 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.93% of Science Applications International worth $30,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in Science Applications International by 73.8% during the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock worth $128,000 after purchasing an additional 708 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Science Applications International by 213.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,630 shares of the information technology services provider’s stock worth $2,382,000 after purchasing an additional 24,273 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Science Applications International in the 3rd quarter worth $223,000. Point72 Asset Management L.P. acquired a new stake in shares of Science Applications International in the 3rd quarter worth $3,657,000. Finally, Jane Street Group LLC acquired a new stake in shares of Science Applications International in the 3rd quarter worth $1,050,000. Institutional investors own 65.60% of the company’s stock.

SAIC has been the subject of several recent analyst reports. Citigroup upgraded shares of Science Applications International from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Jefferies Group reiterated a “hold” rating and set a $66.00 price target on shares of Science Applications International in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. Cowen restated a “hold” rating and issued a $72.00 target price on shares of Science Applications International in a report on Friday, December 8th. Finally, Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Science Applications International presently has a consensus rating of “Hold” and an average target price of $82.38.

Science Applications International Corp (NYSE:SAIC) traded up $0.92 during mid-day trading on Tuesday, reaching $72.62. 15,127 shares of the company traded hands, compared to its average volume of 212,724. Science Applications International Corp has a 1-year low of $60.21 and a 1-year high of $89.87. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $3,070.00, a P/E ratio of 19.64, a P/E/G ratio of 3.55 and a beta of 1.50.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.12. Science Applications International had a net margin of 3.77% and a return on equity of 50.26%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.11 billion. sell-side analysts expect that Science Applications International Corp will post 3.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, January 11th. Science Applications International’s dividend payout ratio is presently 33.97%.

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Science Applications International Company 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.

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

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