OppenheimerFunds Inc. lessened its stake in shares of Science Applications International Corp (NYSE:SAIC) by 21.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,824 shares of the information technology services provider’s stock after selling 5,284 shares during the quarter. OppenheimerFunds Inc.’s holdings in Science Applications International were worth $1,441,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Tennessee Treasury Department lifted its position in Science Applications International by 25.0% in the 4th quarter. State of Tennessee Treasury Department now owns 100,000 shares of the information technology services provider’s stock valued at $7,657,000 after acquiring an additional 20,000 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Science Applications International in the 4th quarter valued at about $4,210,000. Virtu Financial LLC bought a new position in Science Applications International in the 4th quarter valued at about $449,000. UBS Asset Management Americas Inc. increased its stake in Science Applications International by 3.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 27,125 shares of the information technology services provider’s stock valued at $2,077,000 after buying an additional 908 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Science Applications International by 25.7% in the 4th quarter. Arizona State Retirement System now owns 31,122 shares of the information technology services provider’s stock valued at $2,383,000 after buying an additional 6,361 shares during the last quarter. 64.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Science Applications International Corp (NYSE SAIC) opened at $77.47 on Wednesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.34 and a quick ratio of 1.15. The company has a market cap of $3,290.00, a PE ratio of 21.22, a price-to-earnings-growth ratio of 3.92 and a beta of 1.51. Science Applications International Corp has a one year low of $60.21 and a one year high of $88.82.
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About Science Applications International
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.
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