CLARET ASSET MANAGEMENT Corp Cuts Position in Science Applications International Corp (NYSE:SAIC)

CLARET ASSET MANAGEMENT Corp lessened its position in shares of Science Applications International Corp (NYSE:SAIC) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,480 shares of the information technology services provider’s stock after selling 464 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned about 0.09% of Science Applications International worth $4,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIC. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Science Applications International by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,410 shares of the information technology services provider’s stock worth $815,000 after purchasing an additional 130 shares during the period. Profund Advisors LLC boosted its holdings in shares of Science Applications International by 2.7% in the 2nd quarter. Profund Advisors LLC now owns 5,489 shares of the information technology services provider’s stock worth $475,000 after purchasing an additional 142 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Science Applications International by 54.5% in the 2nd quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock worth $43,000 after purchasing an additional 176 shares during the period. Pure Financial Advisors Inc. boosted its holdings 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 purchasing an additional 258 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its holdings 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 purchasing an additional 291 shares during the period. Institutional investors and hedge funds own 79.80% of the company’s stock.

SAIC traded up $1.81 during trading hours on Friday, reaching $85.23. 80,662 shares of the company’s stock traded hands, compared to its average volume of 453,082. The firm has a 50-day moving average price of $84.93 and a 200 day moving average price of $81.63. Science Applications International Corp has a 52-week low of $58.19 and a 52-week high of $92.49. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $4.76 billion, a PE ratio of 16.91, a PEG ratio of 2.75 and a beta of 1.34.

Science Applications International (NYSE:SAIC) last posted 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 company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Science Applications International’s revenue was up 43.0% compared to the same quarter last year. Equities analysts predict that Science Applications International Corp will post 5.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, October 10th. Science Applications International’s payout ratio is currently 29.37%.

A number of equities analysts have recently commented on the company. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Barclays assumed coverage on Science Applications International in a report on Friday, September 20th. They issued an “overweight” rating and a $105.00 target price for the company. Cowen upgraded Science Applications International from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $92.00 to $102.00 in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. assumed coverage on Science Applications International in a report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $98.50.

In other Science Applications International news, Director John J. Hamre sold 10,000 shares of Science Applications International stock in a transaction 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 sale, the director now directly owns 21,121 shares of the company’s stock, valued at approximately $1,825,488.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.64% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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