Mcclain Value Management LLC cut its holdings in shares of Science Applications International Corp (NYSE:SAIC) by 33.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,345 shares of the information technology services provider’s stock after selling 24,281 shares during the quarter. Science Applications International makes up approximately 5.3% of Mcclain Value Management LLC’s holdings, making the stock its 7th largest holding. Mcclain Value Management LLC owned about 0.08% of Science Applications International worth $4,136,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama grew its position in shares of Science Applications International by 120.7% in the 2nd quarter. Retirement Systems of Alabama now owns 146,199 shares of the information technology services provider’s stock worth $12,655,000 after acquiring an additional 79,946 shares in the last quarter. Tributary Capital Management LLC acquired a new position in shares of Science Applications International in the 2nd quarter worth approximately $727,000. Pure Financial Advisors Inc. grew its position in shares of Science Applications International by 6.1% in the 2nd quarter. Pure Financial Advisors Inc. now owns 4,520 shares of the information technology services provider’s stock worth $391,000 after acquiring an additional 258 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Science Applications International by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,616 shares of the information technology services provider’s stock worth $1,785,000 after acquiring an additional 291 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Science Applications International in the 2nd quarter worth approximately $732,000. Institutional investors own 79.46% of the company’s stock.
In related news, Director John J. Hamre sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $86.43, for a total transaction of $864,300.00. Following the completion of the transaction, the director now owns 21,121 shares in the company, valued at approximately $1,825,488.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
Several brokerages have recently commented on SAIC. JPMorgan Chase & Co. began coverage on Science Applications International in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $102.00 target price 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. Cowen upgraded Science Applications International from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $92.00 to $102.00 in a research report on Monday, September 9th. Finally, Barclays began coverage on Science Applications International in a research report on Friday, September 20th. They issued an “overweight” rating and a $105.00 target price for the company. One investment 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. The company presently has a consensus rating of “Buy” and a consensus target price of $98.50.
NYSE:SAIC traded down $0.25 during midday trading on Friday, reaching $82.28. 174,747 shares of the company traded hands, compared to its average volume of 427,661. Science Applications International Corp has a twelve month low of $58.19 and a twelve month high of $92.49. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 2.69 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.17 and a quick ratio of 1.06. The company has a fifty day moving average price of $83.18 and a 200 day moving average price of $82.68.
Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share (EPS) 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 business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. The business’s revenue for the quarter was up 43.0% compared to the same quarter last year. On average, equities research analysts forecast that Science Applications International Corp will post 5.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.80%. Science Applications International’s dividend payout ratio is currently 29.37%.
Science Applications International Company Profile
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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