Dean Investment Associates LLC purchased a new position in Science Applications International Co. (NYSE:SAIC) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,002 shares of the information technology services provider’s stock, valued at approximately $788,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Alambic Investment Management L.P. bought a new stake in Science Applications International in the 1st quarter worth about $205,000. State of Wisconsin Investment Board increased its holdings in Science Applications International by 66.7% in the 1st quarter. State of Wisconsin Investment Board now owns 75,000 shares of the information technology services provider’s stock worth $5,910,000 after buying an additional 30,000 shares in the last quarter. Swiss National Bank increased its holdings in Science Applications International by 2.2% in the 1st quarter. Swiss National Bank now owns 76,015 shares of the information technology services provider’s stock worth $5,990,000 after buying an additional 1,600 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Science Applications International by 13.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 20,942 shares of the information technology services provider’s stock worth $1,650,000 after buying an additional 2,506 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Science Applications International by 63.4% in the 1st quarter. Prudential Financial Inc. now owns 586,664 shares of the information technology services provider’s stock worth $46,230,000 after buying an additional 227,686 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Anthony J. Moraco sold 80,000 shares of Science Applications International stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $82.88, for a total transaction of $6,630,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Nazzic S. Keene sold 24,838 shares of Science Applications International stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $83.76, for a total value of $2,080,430.88. Following the transaction, the chief operating officer now directly owns 50,690 shares in the company, valued at $4,245,794.40. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.
Science Applications International opened at $84.74 on Wednesday, Marketbeat reports. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 4.01 and a beta of 1.39. Science Applications International Co. has a 52-week low of $60.21 and a 52-week high of $90.84. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 3.01.
Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.35. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.04 billion. Science Applications International had a return on equity of 55.88% and a net margin of 4.02%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. sell-side analysts expect that Science Applications International Co. will post 4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, April 27th. Shareholders of record on Friday, April 13th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, April 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.46%. Science Applications International’s dividend payout ratio is currently 35.13%.
Several equities research analysts recently commented on the company. Wells Fargo & Co downgraded Science Applications International from an “outperform” rating to a “market perform” rating and set a $87.00 price objective for the company. in a report on Thursday, May 17th. ValuEngine downgraded Science Applications International from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, March 8th. Finally, Jefferies Group set a $83.00 price target on Science Applications International and gave the company a “hold” rating in a research note on Sunday, April 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Science Applications International has a consensus rating of “Hold” and an average target price of $82.86.
Science Applications International Profile
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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