Wedge Capital Management L L P NC lifted its holdings in Science Applications International Corp (NYSE:SAIC) by 13.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,470 shares of the information technology services provider’s stock after acquiring an additional 31,521 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Science Applications International were worth $23,362,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. Usca Ria LLC bought a new position in Science Applications International in the 3rd quarter valued at $31,000. AdvisorNet Financial Inc bought a new stake in shares of Science Applications International during the third quarter worth $61,000. Tower Research Capital LLC TRC grew its holdings in shares of Science Applications International by 65.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,449 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 571 shares during the last quarter. Wilsey Asset Management Inc. acquired a new stake in shares of Science Applications International in the third quarter valued at $200,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Science Applications International by 51.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,634 shares of the information technology services provider’s stock valued at $228,000 after buying an additional 891 shares in the last quarter. Institutional investors and hedge funds own 77.19% of the company’s stock.
Shares of SAIC opened at $95.33 on Thursday. The stock’s fifty day simple moving average is $87.27 and its 200-day simple moving average is $84.98. The firm has a market capitalization of $5.43 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.15 and a beta of 1.29. Science Applications International Corp has a 12-month low of $62.86 and a 12-month high of $96.00. The company has a quick ratio of 1.07, a current ratio of 1.20 and a debt-to-equity ratio of 1.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, January 16th. Science Applications International’s dividend payout ratio (DPR) is presently 29.37%.
Several brokerages recently issued reports on SAIC. Barclays began coverage on shares of Science Applications International in a research report on Friday, September 20th. They set an “overweight” rating and a $105.00 price target on the stock. Cowen restated a “buy” rating and issued a $102.00 price objective on shares of Science Applications International in a research report on Thursday, December 5th. ValuEngine raised shares of Science Applications International from a “strong sell” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Science Applications International in a research report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 target price on the stock. Finally, Wells Fargo & Co increased their price target on shares of Science Applications International from $92.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. Science Applications International has an average rating of “Buy” and a consensus price target of $99.80.
About Science Applications International
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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