First Citizens Bank & Trust Co. boosted its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,343 shares of the company’s stock after buying an additional 99 shares during the period. First Citizens Bank & Trust Co.’s holdings in Science Applications International Corporation were worth $509,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its stake in shares of Science Applications International Corporation by 66.6% in the second quarter. FMR LLC now owns 3,686,573 shares of the company’s stock worth $215,112,000 after buying an additional 1,473,440 shares during the last quarter. Fiera Capital Corp bought a new stake in shares of Science Applications International Corporation during the second quarter worth $12,246,000. Vanguard Group Inc. increased its stake in shares of Science Applications International Corporation by 4.9% in the second quarter. Vanguard Group Inc. now owns 3,455,643 shares of the company’s stock worth $201,636,000 after buying an additional 162,935 shares during the last quarter. Numeric Investors LLC increased its stake in shares of Science Applications International Corporation by 414.4% in the second quarter. Numeric Investors LLC now owns 128,079 shares of the company’s stock worth $7,473,000 after buying an additional 103,179 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of Science Applications International Corporation by 10.3% in the second quarter. TimesSquare Capital Management LLC now owns 965,000 shares of the company’s stock worth $56,308,000 after buying an additional 90,000 shares during the last quarter. Hedge funds and other institutional investors own 64.40% of the company’s stock.

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

Shares of Science Applications International Corporation (NYSE:SAIC) traded down 0.28% during midday trading on Friday, reaching $84.81. The company’s stock had a trading volume of 375,873 shares. The stock’s 50-day moving average price is $84.36 and its 200-day moving average price is $70.56. Science Applications International Corporation has a 12-month low of $39.76 and a 12-month high of $89.25. The company has a market cap of $3.72 billion, a P/E ratio of 28.03 and a beta of 1.62.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 8th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.07. Science Applications International Corporation had a return on equity of 41.65% and a net margin of 3.11%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.73 EPS. Science Applications International Corporation’s revenue was down 1.9% on a year-over-year basis. On average, analysts expect that Science Applications International Corporation will post $3.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Shareholders of record on Friday, January 13th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 11th. This represents a $1.24 annualized dividend and a yield of 1.46%. Science Applications International Corporation’s dividend payout ratio (DPR) is 40.92%.

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SAIC has been the topic of a number of recent research reports. Zacks Investment Research downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Citigroup Inc. downgraded Science Applications International Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 29th. Finally, Drexel Hamilton raised Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, November 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $82.20.

In other news, Director Edward J. Sanderson, Jr. sold 3,600 shares of the company’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $84.61, for a total transaction of $304,596.00. Following the completion of the transaction, the director now directly owns 17,080 shares of the company’s stock, valued at approximately $1,445,138.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas Martin Wagoner sold 7,354 shares of the company’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $85.92, for a total value of $631,855.68. Following the transaction, the insider now directly owns 27,418 shares of the company’s stock, valued at $2,355,754.56. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

5 Day Chart for NYSE:SAIC

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