Russell Investments Group Ltd. increases its stake in Science Applications International Co. (NYSE: SAIC)

0

Russell Investments Group Ltd. strengthened its position in Science Applications International Co. (NYSE: SAICGet a rating) by 34.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund held 34,453 shares of the IT services provider after buying an additional 8,906 shares during the period. Russell Investments Group Ltd. owned approximately 0.06% of Science Applications International worth $3,172,000 at the time of its last filing with the Securities & Exchange Commission.

A number of other major investors have also recently bought and sold shares of SAIC. JPMorgan Chase & Co. increased its holdings in Science Applications International by 396.6% in the fourth quarter. JPMorgan Chase & Co. now owns 790,697 shares of the information technology services provider valued at $66,094,000 after acquiring an additional 631,486 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Science Applications International by 23.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 1,433,630 shares of the information technology service provider worth $119,837,000 after purchasing an additional 276,264 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Science Applications International during the 4th quarter for a value of approximately $11,841,000. Loews Corp acquired a new stock position in Science Applications International during Q4 for a value of approximately $7,523,000. Finally, Cubist Systematic Strategies LLC increased its stake in Science Applications International by 2,924.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 82,392 shares of the information technology service provider worth $6,887,000 after purchasing an additional 79,668 shares during the period. 78.35% of the shares are held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

SAIC has been the subject of several research analyst reports. Barclays raised its target price on Science Applications International from $90.00 to $95.00 and gave the stock an “equal weight” rating in a Tuesday, June 7 research note. Cowen raised its target price on Science Applications International from $111.00 to $120.00 and gave the stock an “outperform” rating in a Tuesday, June 7 research note. Finally, Cowen raised his target price on Science Applications International from $111.00 to $120.00 in a Tuesday, June 7 research note. Five equity research analysts gave the stock a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $102.86.

International stock of science apps up 1.4%

Shares of NYSE: SAIC opened at $93.69 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt ratio of 1.42. The company has a fifty-day moving average of $92.42 and a two-hundred-day moving average of $88.32. The stock has a market capitalization of $5.22 billion, a P/E ratio of 20.02 and a beta of 0.68. Science Applications International Co. has a 52-week minimum of $78.10 and a 52-week maximum of $97.82.

International scientific applications (NYSE: SAICGet a rating) last released its results on Monday, June 6. The information technology service provider reported earnings per share (EPS) of $1.88 for the quarter, beating the consensus estimate of $1.78 by $0.10. The company posted revenue of $2 billion in the quarter, compared to $1.93 billion expected by analysts. Science Applications International achieved a return on equity of 25.28% and a net margin of 3.58%. The company’s quarterly revenue increased 6.3% year over year. During the same period of the previous year, the company achieved EPS of $1.94. On average, research analysts expect Science Applications International Co. to post earnings per share of 7.07 for the current year.

Announcement of international dividends for scientific applications

The company also recently declared a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Friday, July 15 received a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Thursday, July 14. Science Applications International’s dividend payout ratio is currently 31.62%.

Insider Trading at Science Applications International

In other news, Director Katharina G. Mcfarland sold 2,600 shares in a trade on Monday, July 11. The stock was sold at an average price of $93.30, for a total transaction of $242,580.00. Following completion of the transaction, the administrator now directly owns 7,813 shares of the company, valued at approximately $728,952.90. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Insiders of the company own 1.12% of the shares of the company.

International Science Applications Company Profile

(Get a rating)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technology integration; IT modernization; maintenance of land and maritime systems; logistics; training and simulation; operations and program support services; and end-to-end services, such as the design, development, integration, deployment, management and operations, maintenance and security of its customers’ IT infrastructure, as well as migration to the cloud , managed services, infrastructure modernization and enterprise IT-as-a-service solutions.

Read more

Institutional ownership by quarter for Science Applications International (NYSE:SAIC)



Get news and reviews for Science Applications International Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Science Applications International and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.