New Mexico Educational Retirement Board lifted its holdings in shares of Science Applications International Corp (NYSE:SAIC) by 19.8% during the 1st quarter, Holdings Channel reports. The firm owned 10,300 shares of the information technology services provider’s stock after buying an additional 1,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Science Applications International were worth $793,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. increased its position in Science Applications International by 23.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock valued at $81,000 after acquiring an additional 202 shares in the last quarter. Retirement Systems of Alabama increased its position in Science Applications International by 20.1% in the 1st quarter. Retirement Systems of Alabama now owns 66,253 shares of the information technology services provider’s stock valued at $5,098,000 after acquiring an additional 11,093 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Science Applications International by 20.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the information technology services provider’s stock valued at $1,047,000 after acquiring an additional 2,300 shares in the last quarter. W.E. Donoghue & Co. LLC acquired a new stake in Science Applications International in the 1st quarter valued at about $992,000. Finally, Scout Investments Inc. increased its position in Science Applications International by 42.6% in the 1st quarter. Scout Investments Inc. now owns 214,874 shares of the information technology services provider’s stock valued at $16,535,000 after acquiring an additional 64,232 shares in the last quarter. Institutional investors own 69.53% of the company’s stock.
In other news, CEO Anthony J. Moraco sold 1,803 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $75.00, for a total value of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.
Several equities research analysts have weighed in on the stock. ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. TheStreet cut shares of Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th. Wells Fargo & Co restated a “hold” rating on shares of Science Applications International in a research report on Wednesday, April 10th. Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and raised their price objective for the company from $83.00 to $108.00 in a research report on Friday, March 29th. Finally, Zacks Investment Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Science Applications International currently has an average rating of “Hold” and a consensus target price of $88.57.
Shares of NYSE SAIC opened at $73.89 on Wednesday. The stock has a market capitalization of $4.34 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.64 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 Corp has a 1 year low of $58.19 and a 1 year high of $93.31.
Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. Analysts expect that Science Applications International Corp will post 5.02 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio (DPR) is 29.37%.
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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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