Public Employees Retirement System of Ohio Has $848,000 Position in Science Applications International Corporation (SAIC)

Public Employees Retirement System of Ohio lowered its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,402 shares of the information technology services provider’s stock after selling 3,630 shares during the period. Public Employees Retirement System of Ohio’s holdings in Science Applications International Corporation were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Tyers Asset Management LLC increased its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. increased its position in shares of Science Applications International Corporation by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 39 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Science Applications International Corporation during the first quarter valued at about $132,000. Elkfork Partners LLC increased its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after buying an additional 198 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in shares of Science Applications International Corporation during the first quarter valued at about $145,000. 66.00% of the stock is owned by institutional investors.

Shares of Science Applications International Corporation (SAIC) opened at 69.14 on Friday. Science Applications International Corporation has a 52 week low of $61.47 and a 52 week high of $89.87. The firm has a market capitalization of $3.02 billion, a P/E ratio of 19.25 and a beta of 1.65. The firm’s 50-day moving average is $70.69 and its 200 day moving average is $76.51.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. Equities research analysts forecast that Science Applications International Corporation will post $3.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Wednesday, July 12th. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.54%.

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Several equities analysts have recently issued reports on the company. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company restated a “market perform” rating and issued a $75.00 target price (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, June 1st. Cowen and Company restated a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, May 5th. Finally, Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $71.58, for a total value of $109,087.92. Following the transaction, the insider now directly owns 106,147 shares of the company’s stock, valued at $7,598,002.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 44,472 shares of company stock worth $3,119,732 over the last ninety days. Insiders own 2.28% of the company’s stock.

About Science Applications International Corporation

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.

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

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