Science Applications International Corporation (NYSE:SAIC) Stake Reduced by UBS Group AG

UBS Group AG decreased its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 62.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,205 shares of the information technology services provider’s stock after selling 8,812 shares during the period. UBS Group AG’s holdings in Science Applications International Corporation were worth $387,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Science Applications International Corporation by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,846,874 shares of the information technology services provider’s stock valued at $360,608,000 after buying an additional 490,948 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Science Applications International Corporation by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 1,073,598 shares of the information technology services provider’s stock valued at $79,877,000 after buying an additional 132,047 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Science Applications International Corporation by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 928,036 shares of the information technology services provider’s stock worth $69,045,000 after buying an additional 489,349 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Science Applications International Corporation by 1.3% in the first quarter. Ameriprise Financial Inc. now owns 456,634 shares of the information technology services provider’s stock worth $33,976,000 after buying an additional 5,937 shares during the last quarter. Finally, Scout Investments Inc. boosted its stake in shares of Science Applications International Corporation by 73.8% in the first quarter. Scout Investments Inc. now owns 401,080 shares of the information technology services provider’s stock worth $21,394,000 after buying an additional 170,273 shares during the last quarter. 66.00% of the stock is currently owned by institutional investors.

Science Applications International Corporation (NYSE:SAIC) opened at 69.14 on Friday. The firm has a 50-day moving average price of $70.69 and a 200 day moving average price of $76.51. Science Applications International Corporation has a 1-year low of $61.47 and a 1-year high of $89.87. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 19.25 and a beta of 1.65.

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

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

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A number of brokerages have issued reports on SAIC. Zacks Investment Research cut Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, 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 note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 30,072 shares of Science Applications International Corporation stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $68.95, for a total transaction of $2,073,464.40. Following the sale, the insider now directly owns 8,859 shares of the company’s stock, valued at approximately $610,828.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 44,472 shares of company stock worth $3,119,732. 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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