Bank of Montreal Can trimmed its stake in shares of Science Applications International Corp (NYSE:SAIC) by 48.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,176 shares of the information technology services provider’s stock after selling 2,071 shares during the quarter. Bank of Montreal Can’s holdings in Science Applications International were worth $175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Midwest Bank Trust Division lifted its stake in shares of Science Applications International by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 5,175 shares of the information technology services provider’s stock worth $419,000 after buying an additional 604 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Science Applications International by 1.4% in the second quarter. MetLife Investment Advisors LLC now owns 45,875 shares of the information technology services provider’s stock worth $3,713,000 after buying an additional 632 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Science Applications International by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 18,375 shares of the information technology services provider’s stock worth $1,487,000 after buying an additional 732 shares in the last quarter. Piedmont Investment Advisors LLC lifted its stake in shares of Science Applications International by 9.9% in the second quarter. Piedmont Investment Advisors LLC now owns 8,197 shares of the information technology services provider’s stock worth $663,000 after buying an additional 736 shares in the last quarter. Finally, Amalgamated Bank increased its position in Science Applications International by 12.0% during the second quarter. Amalgamated Bank now owns 6,911 shares of the information technology services provider’s stock worth $559,000 after purchasing an additional 741 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Thursday, November 15th. ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Vertical Research cut 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 report on Tuesday, September 11th. Cowen restated a “hold” rating and set a $82.00 price objective on shares of Science Applications International in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co restated a “hold” rating and set a $84.00 price objective (down from $88.00) on shares of Science Applications International in a research report on Monday, September 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $86.86.

Science Applications International stock opened at $68.42 on Thursday. Science Applications International Corp has a 12-month low of $66.11 and a 12-month high of $93.31. The stock has a market cap of $2.90 billion, a P/E ratio of 19.38, a PEG ratio of 3.03 and a beta of 1.49. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.61.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $1.11 billion. During the same period last year, the business earned $0.80 earnings per share. Science Applications International’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that Science Applications International Corp will post 4.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Monday, October 15th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, October 12th. Science Applications International’s payout ratio is currently 35.13%.

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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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