ClariVest Asset Management LLC Takes Position in Science Applications International Corp (SAIC)

Share on StockTwits

ClariVest Asset Management LLC acquired a new stake in shares of Science Applications International Corp (NYSE:SAIC) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,900 shares of the information technology services provider’s stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mackay Shields LLC acquired a new stake in Science Applications International during the first quarter valued at $392,000. Cetera Advisor Networks LLC boosted its position in Science Applications International by 87.0% during the first quarter. Cetera Advisor Networks LLC now owns 6,187 shares of the information technology services provider’s stock valued at $487,000 after purchasing an additional 2,879 shares during the last quarter. SG Americas Securities LLC raised its holdings in Science Applications International by 16.6% during the second quarter. SG Americas Securities LLC now owns 15,330 shares of the information technology services provider’s stock valued at $1,241,000 after buying an additional 2,185 shares in the last quarter. ETF Managers Group LLC raised its holdings in Science Applications International by 6.6% during the first quarter. ETF Managers Group LLC now owns 684,627 shares of the information technology services provider’s stock valued at $54,839,000 after buying an additional 42,489 shares in the last quarter. Finally, Squar Milner Financial Services LLC bought a new position in Science Applications International during the second quarter valued at about $112,000. 65.01% of the stock is owned by hedge funds and other institutional investors.

NYSE SAIC opened at $90.62 on Friday. Science Applications International Corp has a fifty-two week low of $60.21 and a fifty-two week high of $93.31. The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.18 and a current ratio of 1.34. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 25.81, a P/E/G ratio of 4.04 and a beta of 1.40.

Science Applications International (NYSE:SAIC) last posted its earnings results on Tuesday, June 12th. The information technology services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.13 billion. Science Applications International had a return on equity of 56.35% and a net margin of 3.95%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. analysts anticipate that Science Applications International Corp will post 4.46 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 14th. Cowen restated a “hold” rating and set a $82.00 target price on shares of Science Applications International in a report on Thursday, June 14th. Drexel Hamilton lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus assumed coverage on Science Applications International in a report on Friday, May 25th. They set a “hold” rating and a $85.00 target price on the stock. Finally, ValuEngine lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $85.38.

In other news, CEO Anthony J. Moraco sold 21,737 shares of Science Applications International stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $81.32, for a total value of $1,767,652.84. Following the transaction, the chief executive officer now directly owns 61,249 shares in the company, valued at $4,980,768.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 22,322 shares of company stock worth $1,814,728 over the last quarter. 2.05% of the stock is currently owned by corporate insiders.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its 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.

Featured Article: Book Value Per Share – BVPS

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

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

Leave a Reply