First Command Financial Services Inc. trimmed its position in shares of Science Applications International Corp (NYSE:SAIC) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,798 shares of the information technology services provider’s stock after selling 896 shares during the quarter. First Command Financial Services Inc.’s holdings in Science Applications International were worth $139,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Retirement Systems of Alabama lifted its position in Science Applications International by 20.1% during the first quarter. Retirement Systems of Alabama now owns 66,253 shares of the information technology services provider’s stock worth $5,098,000 after buying an additional 11,093 shares during the period. Louisiana State Employees Retirement System lifted its position in Science Applications International by 20.4% during the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the information technology services provider’s stock worth $1,047,000 after buying an additional 2,300 shares during the period. W.E. Donoghue & Co. LLC purchased a new position in Science Applications International during the first quarter worth about $992,000. Scout Investments Inc. lifted its position in Science Applications International by 42.6% during the first quarter. Scout Investments Inc. now owns 214,874 shares of the information technology services provider’s stock worth $16,535,000 after buying an additional 64,232 shares during the period. Finally, American Century Companies Inc. purchased a new position in Science Applications International during the fourth quarter worth about $2,124,000. Institutional investors own 69.53% of the company’s stock.
Several equities analysts recently weighed in on the company. Wells Fargo & Co increased their target price on Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, March 29th. TheStreet lowered Science Applications International from a “b” rating to a “c+” rating in a research note on Tuesday, April 9th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, March 12th. Drexel Hamilton restated a “buy” rating and set a $90.00 price target on shares of Science Applications International in a research note on Thursday, January 24th. Finally, Citigroup began coverage on Science Applications International in a research note on Tuesday, February 19th. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $88.57.
In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.05% of the stock is owned by company insiders.
NYSE SAIC traded down $0.01 during mid-day trading on Monday, reaching $74.50. 329,987 shares of the company’s stock traded hands, compared to its average volume of 483,851. Science Applications International Corp has a 1-year low of $58.19 and a 1-year high of $93.31. The company has a quick ratio of 1.52, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The firm has a market cap of $4.45 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.28. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $1.16 EPS. Science Applications International’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts anticipate that Science Applications International Corp will post 5.02 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio (DPR) is 29.37%.
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Science Applications International 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.
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