Russell Investments Group Ltd. Boosts Holdings in Science Applications International Co. (NYSE: SAIC)



Russell Investments Group Ltd. lifted its stake in Science Applications International Co. (NYSE:SAIC – Get Rating) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,453 shares of the information technology services provider’s stock after purchasing an additional 8,906 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Science Applications International worth $3,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in Science Applications International by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,686 shares of the information technology services provider’s stock worth $308,000 after buying an additional 139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Science Applications International by 31.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,982 shares of the information technology services provider’s stock worth $584,000 after buying an additional 1,664 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Science Applications International by 0.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 51,491 shares of the information technology services provider’s stock worth $4,304,000 after buying an additional 386 shares during the last quarter. Arete Wealth Advisors LLC raised its position in Science Applications International by 29.9% in the 4th quarter. Arete Wealth Advisors LLC now owns 5,035 shares of the information technology services provider’s stock worth $421,000 after buying an additional 1,158 shares during the last quarter. Finally, Sweet Financial Partners LLC acquired a new position in Science Applications International in the 4th quarter worth about $376,000. Hedge funds and other institutional investors own 78.35% of the company’s stock.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, July 11th. The stock sold at an average price of $93.30, for a total value of $242,580.00. Following the completion of the transaction, the director now directly owns 7,813 shares in the company, valued at approximately $728,952.90. The transaction was disclosed in the filing with the Securities Exchange Commission, which is available at the SEC website. 1.12% of the stock is currently owned by corporate insiders.

Science Applications International Trading Up 1.4%

Shares of NYSE:SAIC opened at $93.69 on Friday. The stock has a 50 day moving average of $92.42 and a 200 day moving average of $88.32. The company has a market cap of $5.22 billion, a PE ratio of 20.02 and a beta of 0.68. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.42. Science Applications International Co. has a 12-month low of $78.10 and a 12-month high of $97.82.

Science Applications International (NYSE:SAIC – Get Rating) last announced its quarterly earnings data on Monday, June 6th. The information technology services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.10. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. Science Applications International had a return on equity of 25.28% and a net margin of 3.58%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 EPS. As a group, equities research analysts expect that Science Applications International Co. will post 7.07 EPS for the current year.

Science Applications International Announcements Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SAIC shares. Cowen boosted their target price on Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Cowen upped their price target on shares of Science Applications International from $111.00 to $120.00 and gave the company an “outperform” rating in a research report on Tuesday, June 7th. Finally, Barclays upped its price target on shares of Science Applications International from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus target price of $102.86.

Science Applications International Profile

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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 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, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as -a-service solutions.

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



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