Science Applications International Corporation (NYSE:SAIC) Holdings Decreased by Gareth Morgan Investments Limited Partnership

Gareth Morgan Investments Limited Partnership cut its position in shares of Science Applications International Corporation (NYSE:SAIC) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,646 shares of the information technology services provider’s stock after selling 471 shares during the quarter. Gareth Morgan Investments Limited Partnership’s holdings in Science Applications International Corporation were worth $1,017,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Ronna Sue Cohen lifted its stake in Science Applications International Corporation by 0.4% during the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after buying an additional 21 shares in the last quarter. Sei Investments Co. lifted its stake in Science Applications International Corporation by 2.9% during 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. Envestnet Asset Management Inc. lifted its stake in Science Applications International Corporation by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 47 shares in the last quarter. Creative Planning lifted its stake in Science Applications International Corporation by 0.3% during the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after buying an additional 51 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Science Applications International Corporation by 0.5% during the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after buying an additional 100 shares in the last quarter. 64.42% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This article was posted by BBNS and is the property of of BBNS. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://baseballnewssource.com/markets/gareth-morgan-investments-limited-partnership-lowers-stake-in-science-applications-international-corporation-saic/1602231.html.

Science Applications International Corporation (SAIC) opened at 64.67 on Friday. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a 50-day moving average price of $69.46 and a 200-day moving average price of $73.82. The firm has a market cap of $2.80 billion, a P/E ratio of 18.06 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, analysts predict that Science Applications International Corporation will post $3.61 earnings per share for the current year.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 30,072 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $68.95, for a total value of $2,073,464.40. Following the sale, the insider now owns 8,859 shares in the company, valued at approximately $610,828.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.28% of the company’s stock.

A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, June 1st. Cowen and Company reissued a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corporation in a research report on Friday, September 8th. Finally, Jefferies Group LLC lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Science Applications International Corporation has an average rating of “Hold” and a consensus target price of $80.00.

Science Applications International Corporation Profile

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)

Receive News & Ratings for Science Applications International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corporation and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.