Fmr LLC Sells 71,228 Shares of Science Applications International Corp (SAIC)

Fmr LLC cut its stake in Science Applications International Corp (NYSE:SAIC) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,308,669 shares of the information technology services provider’s stock after selling 71,228 shares during the quarter. Fmr LLC owned about 3.08% of Science Applications International worth $83,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SAIC. Dimensional Fund Advisors LP raised its stake in shares of Science Applications International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,010,999 shares of the information technology services provider’s stock valued at $81,485,000 after acquiring an additional 17,773 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Science Applications International by 287.0% during the third quarter. Allianz Asset Management GmbH now owns 42,230 shares of the information technology services provider’s stock worth $3,404,000 after buying an additional 31,319 shares during the last quarter. Jane Street Group LLC bought a new position in Science Applications International during the third quarter worth $322,000. Paloma Partners Management Co bought a new position in Science Applications International during the third quarter worth $243,000. Finally, Pacer Advisors Inc. raised its stake in Science Applications International by 12.4% during the third quarter. Pacer Advisors Inc. now owns 14,882 shares of the information technology services provider’s stock worth $1,199,000 after buying an additional 1,636 shares during the last quarter. 69.53% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on SAIC. Wells Fargo & Co raised their price target on shares of Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, March 29th. Citigroup began coverage on shares of Science Applications International in a report on Tuesday, February 19th. They set a “buy” rating for the company. TheStreet cut shares of Science Applications International from a “b” rating to a “c+” rating in a report on Tuesday, April 9th. Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $83.00 to $108.00 in a report on Friday, March 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Science Applications International currently has a consensus rating of “Hold” and an average price target of $88.57.

Science Applications International stock opened at $74.51 on Friday. Science Applications International Corp has a fifty-two week low of $58.19 and a fifty-two week high of $93.31. The stock has a market cap of $4.42 billion, a P/E ratio of 14.78, a PEG ratio of 2.70 and a beta of 1.56. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.28. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.16 earnings per share. As a group, research analysts anticipate that Science Applications International Corp will post 5.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.37 dividend. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.99%. Science Applications International’s payout ratio is currently 29.37%.

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Science Applications International Profile

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

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