Allianz Asset Management GmbH Decreases Holdings in Science Applications International Corp (NYSE:SAIC)

Allianz Asset Management GmbH lowered its position in shares of Science Applications International Corp (NYSE:SAIC) by 67.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,612 shares of the information technology services provider’s stock after selling 57,135 shares during the quarter. Allianz Asset Management GmbH owned 0.06% of Science Applications International worth $1,846,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Arizona State Retirement System lifted its holdings in shares of Science Applications International by 0.5% in the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after buying an additional 100 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Science Applications International by 3.5% during the second quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 119 shares in the last quarter. Stifel Financial Corp raised its stake in Science Applications International by 4.6% during the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 128 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Science Applications International by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock valued at $1,227,000 after purchasing an additional 136 shares in the last quarter. Finally, Sei Investments Co. increased its position in Science Applications International by 13.4% during the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 186 shares during the last quarter. 64.13% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Wells Fargo & Co upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Wednesday, October 25th. Cowen restated a “market perform” rating and issued a $72.00 price target (down from $75.00) on shares of Science Applications International in a report on Thursday, October 5th. Jefferies Group restated a “hold” rating and issued a $66.00 price target on shares of Science Applications International in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Science Applications International in a research note on Friday, October 6th. Finally, BidaskClub lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $82.38.

Shares of Science Applications International Corp (SAIC) traded up $0.49 during trading on Wednesday, hitting $78.18. 106,805 shares of the company traded hands, compared to its average volume of 189,273. The stock has a market cap of $3,340.00, a price-to-earnings ratio of 21.42, a P/E/G ratio of 4.29 and a beta of 1.61. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. Science Applications International Corp has a 52-week low of $60.21 and a 52-week high of $89.87.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.12. Science Applications International had a net margin of 3.77% and a return on equity of 50.26%. analysts anticipate that Science Applications International Corp will post 3.65 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a dividend of $0.31 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.59%. Science Applications International’s payout ratio is 33.97%.

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Science Applications International 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 (NYSE:SAIC)

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