SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) Short Interest Update

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 984,318 shares, a growth of 46.1% from the August 31st total of 673,631 shares. Based on an average daily volume of 586,195 shares, the short-interest ratio is currently 1.7 days. Approximately 2.3% of the company’s stock are short sold.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 68.81 on Tuesday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 52 week low of $60.21 and a 52 week high of $89.87. The company has a market cap of $2.98 billion, a PE ratio of 19.22 and a beta of 1.61. The firm’s 50-day moving average is $67.79 and its 200-day moving average is $71.32.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last announced its quarterly earnings data 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). SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.77% and a return on equity of 48.69%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.59 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 12th. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s payout ratio is presently 34.64%.

In other news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.94% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sei Investments Co. boosted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% during the 1st quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 39 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the 1st quarter valued at about $132,000. Bank of Montreal Can boosted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after acquiring an additional 1,071 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the 1st quarter valued at about $145,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after acquiring an additional 47 shares during the last quarter. 64.46% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on SAIC. Zacks Investment Research lowered SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Cowen and Company reaffirmed a “market perform” rating and issued a $72.00 price target (down from $75.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Thursday, October 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $93.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, October 6th. BidaskClub raised SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $80.63.

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SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Company 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.

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