Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Science Applications International Corp (NYSE:SAIC) by 20.1% in the first quarter, HoldingsChannel.com reports. The fund owned 8,966 shares of the information technology services provider’s stock after acquiring an additional 1,501 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Science Applications International were worth $690,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SAIC. Boston Partners bought a new position in shares of Science Applications International during the 1st quarter valued at approximately $95,003,000. Norges Bank bought a new position in shares of Science Applications International during the 4th quarter valued at approximately $40,011,000. Ronna Sue Cohen grew its stake in shares of Science Applications International by 7,630.5% during the 1st quarter. Ronna Sue Cohen now owns 452,081 shares of the information technology services provider’s stock valued at $452,000 after acquiring an additional 446,233 shares during the period. Vanguard Group Inc grew its stake in shares of Science Applications International by 7.0% during the 3rd quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after acquiring an additional 352,533 shares during the period. Finally, Wedge Capital Management L L P NC bought a new position in shares of Science Applications International during the 1st quarter valued at approximately $19,246,000. Institutional investors own 64.63% of the company’s stock.

Several research firms have weighed in on SAIC. TheStreet downgraded Science Applications International from a “b” rating to a “c+” rating in a research note on Tuesday, April 9th. Zacks Investment Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and upped their price target for the stock from $83.00 to $108.00 in a research note on Friday, March 29th. ValuEngine downgraded Science Applications International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Co upgraded Science Applications International from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $87.00 in a research note on Thursday, May 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $89.25.

In other news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the sale, the chief executive officer now directly 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 this hyperlink. 2.05% of the stock is owned by corporate insiders.

SAIC stock opened at $78.72 on Friday. Science Applications International Corp has a 1-year low of $58.19 and a 1-year high of $93.31. The company has a quick ratio of 1.52, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 2.84 and a beta of 1.52.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.28. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.16 EPS. On average, sell-side analysts expect that Science Applications International Corp will post 5.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s dividend payout ratio is 29.37%.

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

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