Science Applications International Corp (SAIC) Shares Sold by AMI Asset Management Corp

AMI Asset Management Corp decreased its holdings in shares of Science Applications International Corp (NYSE:SAIC) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 163,770 shares of the information technology services provider’s stock after selling 4,481 shares during the period. AMI Asset Management Corp’s holdings in Science Applications International were worth $12,540,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SAIC. Swiss National Bank boosted its stake in Science Applications International by 4.7% during the second quarter. Swiss National Bank now owns 73,115 shares of the information technology services provider’s stock valued at $5,076,000 after buying an additional 3,300 shares during the period. Franklin Resources Inc. boosted its stake in Science Applications International by 1.3% during the second quarter. Franklin Resources Inc. now owns 16,278 shares of the information technology services provider’s stock valued at $1,130,000 after buying an additional 207 shares during the period. Wells Fargo & Company MN boosted its stake in Science Applications International by 9.7% during the second quarter. Wells Fargo & Company MN now owns 102,243 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 9,038 shares during the period. Riverhead Capital Management LLC boosted its stake in Science Applications International by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after buying an additional 930 shares during the period. Finally, Bahl & Gaynor Inc. bought a new stake in Science Applications International during the second quarter valued at $730,000. 64.13% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on SAIC shares. Citigroup raised Science Applications International from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. SunTrust Banks reissued a “buy” rating and set a $93.00 price objective on shares of Science Applications International in a research note on Friday, October 6th. BidaskClub raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Friday, December 8th. Finally, Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $82.38.

Shares of Science Applications International Corp (SAIC) traded down $0.56 during mid-day trading on Tuesday, reaching $77.69. The company’s stock had a trading volume of 133,049 shares, compared to its average volume of 197,520. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. Science Applications International Corp has a 52-week low of $60.21 and a 52-week high of $89.87. The company has a market capitalization of $3,320.00, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.29 and a beta of 1.61.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 7th. The information technology services provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.12. Science Applications International had a return on equity of 50.26% and a net margin of 3.77%. equities analysts expect that Science Applications International Corp will post 3.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. Science Applications International’s dividend payout ratio is currently 33.97%.

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About Science Applications International

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.

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

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