Wilsey Asset Management Inc. purchased a new position in Science Applications International Corp (NYSE:SAIC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,306 shares of the information technology services provider’s stock, valued at approximately $144,000. Science Applications International accounts for approximately 0.1% of Wilsey Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest holding.
Other hedge funds have also bought and sold shares of the company. Savant Capital LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at approximately $249,000. BlackRock Inc. raised its holdings in Science Applications International by 1.7% during the 3rd quarter. BlackRock Inc. now owns 4,723,203 shares of the information technology services provider’s stock valued at $380,690,000 after buying an additional 81,138 shares during the period. Pacer Advisors Inc. raised its holdings in Science Applications International by 12.4% during the 3rd quarter. Pacer Advisors Inc. now owns 14,882 shares of the information technology services provider’s stock valued at $1,199,000 after buying an additional 1,636 shares during the period. Northern Trust Corp raised its holdings in Science Applications International by 0.7% during the 2nd quarter. Northern Trust Corp now owns 670,818 shares of the information technology services provider’s stock valued at $54,289,000 after buying an additional 4,916 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Science Applications International by 192.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,993 shares of the information technology services provider’s stock valued at $1,772,000 after buying an additional 14,476 shares during the period. Institutional investors and hedge funds own 66.97% of the company’s stock.
Shares of SAIC traded down $0.33 during midday trading on Wednesday, reaching $69.27. 4,239 shares of the stock were exchanged, compared to its average volume of 608,841. Science Applications International Corp has a 52 week low of $58.19 and a 52 week high of $93.31. The company has a current ratio of 1.57, a quick ratio of 1.40 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 2.52 and a beta of 1.50.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.21. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.16 billion. Science Applications International had a return on equity of 57.96% and a net margin of 4.29%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities research analysts predict that Science Applications International Corp will post 4.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 11th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, January 10th. Science Applications International’s dividend payout ratio is presently 35.13%.
Several analysts recently weighed in on the company. ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Wells Fargo & Co decreased their price target on Science Applications International from $84.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, December 7th. Finally, Drexel Hamilton restated a “buy” rating and set a $90.00 price target on shares of Science Applications International in a report on Thursday, January 24th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Science Applications International presently has an average rating of “Hold” and an average target price of $82.86.
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About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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