CIBC World Markets Inc. acquired a new stake in Science Applications International Corp (NYSE:SAIC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,074 shares of the information technology services provider’s stock, valued at approximately $237,000.
A number of other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. bought a new stake in Science Applications International in the 4th quarter valued at $2,124,000. Strs Ohio increased its position in shares of Science Applications International by 10.8% during the fourth quarter. Strs Ohio now owns 4,100 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 400 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of Science Applications International during the first quarter worth approximately $227,000. SG Americas Securities LLC increased its position in shares of Science Applications International by 130.0% during the first quarter. SG Americas Securities LLC now owns 14,708 shares of the information technology services provider’s stock worth $1,132,000 after purchasing an additional 8,314 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $1,573,000. 76.92% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.
Several analysts recently commented on the company. TheStreet upgraded Science Applications International from a “c+” rating to a “b+” rating in a research report on Thursday, June 6th. SunTrust Banks boosted their price target on Science Applications International from $100.00 to $130.00 and gave the stock an “average” rating in a research report on Friday, June 7th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “buy” rating on shares of Science Applications International in a research report on Friday, June 7th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Friday, May 17th. Finally, ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Science Applications International presently has an average rating of “Buy” and an average price target of $95.00.
Shares of NYSE:SAIC opened at $84.90 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.30 and a quick ratio of 1.18. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 3.00 and a beta of 1.39. Science Applications International Corp has a 52-week low of $58.19 and a 52-week high of $93.31.
Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.15. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The firm’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. As a group, equities analysts expect that Science Applications International Corp will post 5.22 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.74%. The ex-dividend date is Thursday, July 11th. Science Applications International’s payout ratio is currently 29.37%.
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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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