Gluskin Sheff & Assoc Inc. purchased a new position in Science Applications International Corp (NYSE:SAIC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,970 shares of the information technology services provider’s stock, valued at approximately $1,207,000.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in Science Applications International by 123.8% in the second quarter. Bank of Montreal Can now owns 4,247 shares of the information technology services provider’s stock worth $343,000 after buying an additional 2,349 shares during the last quarter. Boston Advisors LLC acquired a new position in Science Applications International in the second quarter worth approximately $519,000. Amalgamated Bank grew its position in Science Applications International by 12.0% in the second quarter. Amalgamated Bank now owns 6,911 shares of the information technology services provider’s stock worth $559,000 after buying an additional 741 shares during the last quarter. James Investment Research Inc. acquired a new position in Science Applications International in the second quarter worth approximately $1,969,000. Finally, Squar Milner Financial Services LLC acquired a new position in Science Applications International in the second quarter worth approximately $112,000. 63.57% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on SAIC shares. Zacks Investment Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research note on Tuesday, September 11th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Science Applications International in a research note on Monday, September 10th. ValuEngine lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Drexel Hamilton raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Science Applications International has an average rating of “Hold” and a consensus target price of $86.86.

Science Applications International stock opened at $67.39 on Wednesday. Science Applications International Corp has a 52 week low of $66.11 and a 52 week high of $93.31. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24. The company has a market capitalization of $2.90 billion, a P/E ratio of 15.55, a PEG ratio of 3.03 and a beta of 1.49.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.80 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts forecast that Science Applications International Corp will post 4.51 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Monday, October 15th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Friday, October 12th. Science Applications International’s dividend payout ratio (DPR) is currently 35.13%.

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

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