Arizona State Retirement System cut its stake in shares of Science Applications International Corp (NYSE:SAIC) by 56.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,192 shares of the information technology services provider’s stock after selling 15,632 shares during the quarter. Arizona State Retirement System’s holdings in Science Applications International were worth $910,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Carmichael Hill & Associates Inc. acquired a new position in shares of Science Applications International during the 4th quarter worth $27,000. TRUE Private Wealth Advisors acquired a new position in shares of Science Applications International during the 4th quarter worth $31,000. Steward Partners Investment Advisory LLC grew its stake in shares of Science Applications International by 274.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 449 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 329 shares during the period. Quantbot Technologies LP acquired a new position in shares of Science Applications International during the 4th quarter worth $50,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Science Applications International by 58.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 586 shares of the information technology services provider’s stock worth $51,000 after purchasing an additional 216 shares during the period. 77.11% of the stock is currently owned by institutional investors and hedge funds.
In other Science Applications International news, CEO Nazzic S. Keene purchased 14,300 shares of the business’s stock in a transaction that occurred on Friday, April 3rd. The shares were purchased at an average price of $70.75 per share, for a total transaction of $1,011,725.00. Following the completion of the acquisition, the chief executive officer now owns 51,707 shares of the company’s stock, valued at approximately $3,658,270.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvette Kanouff purchased 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was acquired at an average price of $70.35 per share, for a total transaction of $105,525.00. Following the acquisition, the director now directly owns 2,399 shares of the company’s stock, valued at approximately $168,769.65. The disclosure for this purchase can be found here. Corporate insiders own 1.64% of the company’s stock.
Shares of SAIC stock opened at $83.01 on Tuesday. The firm has a market cap of $4.81 billion, a P/E ratio of 21.67 and a beta of 1.07. Science Applications International Corp has a 1-year low of $45.45 and a 1-year high of $96.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.27 and a quick ratio of 1.19. The firm’s 50-day simple moving average is $79.45 and its 200-day simple moving average is $83.15.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, March 26th. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.24. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. Science Applications International had a net margin of 3.54% and a return on equity of 25.09%. The company’s revenue was up 29.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. Analysts expect that Science Applications International Corp will post 6.1 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Thursday, April 9th were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, April 8th. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. Science Applications International’s payout ratio is currently 26.15%.
A number of equities research analysts recently commented on SAIC shares. ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Citigroup lowered their price objective on shares of Science Applications International from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Morgan Stanley increased their price objective on shares of Science Applications International from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday, April 14th. Cowen reissued a “buy” rating and issued a $99.00 price objective on shares of Science Applications International in a research note on Thursday, March 12th. Finally, Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Monday, April 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Science Applications International has an average rating of “Buy” and an average target price of $97.91.
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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