Cambiar Investors LLC decreased its stake in Science Applications International Corp (NYSE:SAIC) by 8.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,327 shares of the information technology services provider’s stock after selling 2,585 shares during the quarter. Cambiar Investors LLC’s holdings in Science Applications International were worth $2,387,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its holdings in shares of Science Applications International by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,410 shares of the information technology services provider’s stock valued at $815,000 after purchasing an additional 130 shares during the last quarter. Profund Advisors LLC grew its position in Science Applications International by 2.7% in the second quarter. Profund Advisors LLC now owns 5,489 shares of the information technology services provider’s stock worth $475,000 after acquiring an additional 142 shares during the period. Advisory Services Network LLC grew its position in Science Applications International by 54.5% in the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock worth $43,000 after acquiring an additional 176 shares during the period. Pure Financial Advisors Inc. boosted its position in shares of Science Applications International by 6.1% during the second quarter. Pure Financial Advisors Inc. now owns 4,520 shares of the information technology services provider’s stock worth $391,000 after buying an additional 258 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Science Applications International by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 20,616 shares of the information technology services provider’s stock worth $1,785,000 after buying an additional 291 shares during the period. Hedge funds and other institutional investors own 79.46% of the company’s stock.
NYSE:SAIC traded down $0.25 during midday trading on Friday, reaching $82.28. The company had a trading volume of 172,436 shares, compared to its average volume of 427,661. Science Applications International Corp has a 12-month low of $58.19 and a 12-month high of $92.49. The company has a current ratio of 1.17, a quick ratio of 1.06 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.69 and a beta of 1.31. The stock’s fifty day simple moving average is $83.13 and its 200-day simple moving average is $82.72.
Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.08. Science Applications International had a return on equity of 23.15% and a net margin of 2.71%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period last year, the firm earned $1.13 earnings per share. Science Applications International’s quarterly revenue was up 43.0% on a year-over-year basis. As a group, sell-side analysts expect that Science Applications International Corp will post 5.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Thursday, October 10th. Science Applications International’s dividend payout ratio is presently 29.37%.
In other Science Applications International news, Director John J. Hamre sold 10,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $86.43, for a total value of $864,300.00. Following the sale, the director now directly owns 21,121 shares in the company, valued at $1,825,488.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.64% of the stock is owned by company insiders.
Several research firms have recently commented on SAIC. Barclays began coverage on Science Applications International in a research report on Friday, September 20th. They set an “overweight” rating and a $105.00 price target for the company. ValuEngine lowered Science Applications International from a “sell” rating to a “strong sell” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. began coverage on Science Applications International in a research report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price target for the company. Finally, Cowen upgraded Science Applications International from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $92.00 to $102.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $98.50.
About Science Applications International
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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