26,473 Shares in Science Applications International Corp (SAIC) Purchased by Vident Investment Advisory LLC

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Vident Investment Advisory LLC acquired a new position in Science Applications International Corp (NYSE:SAIC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,473 shares of the information technology services provider’s stock, valued at approximately $2,142,000. Vident Investment Advisory LLC owned about 0.06% of Science Applications International as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Squar Milner Financial Services LLC purchased a new position in shares of Science Applications International in the second quarter worth $112,000. Itau Unibanco Holding S.A. increased its stake in shares of Science Applications International by 536.7% in the second quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock worth $164,000 after buying an additional 1,712 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of Science Applications International in the second quarter worth $201,000. Alambic Investment Management L.P. purchased a new position in shares of Science Applications International in the first quarter worth $205,000. Finally, Point72 Hong Kong Ltd increased its stake in shares of Science Applications International by 219.4% in the second quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock worth $212,000 after buying an additional 1,797 shares during the period. Hedge funds and other institutional investors own 65.01% of the company’s stock.

SAIC has been the topic of several analyst reports. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, June 15th. Stifel Nicolaus assumed coverage on shares of Science Applications International in a research note on Friday, May 25th. They issued a “hold” rating and a $85.00 target price on the stock. Vertical Research downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Tuesday, September 11th. Cowen reissued a “hold” rating and set a $82.00 price objective on shares of Science Applications International in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $84.00 price objective (down from $88.00) on shares of Science Applications International in a research report on Monday, September 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Science Applications International currently has an average rating of “Hold” and an average price target of $85.29.

Shares of Science Applications International stock opened at $79.53 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.18 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 3.46 and a beta of 1.40. Science Applications International Corp has a 12-month low of $61.27 and a 12-month high of $93.31.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.14. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. analysts forecast that Science Applications International Corp will post 4.53 earnings per share for the current year.

In other Science Applications International news, CEO Anthony J. Moraco sold 21,737 shares of the business’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $81.32, for a total transaction of $1,767,652.84. Following the transaction, the chief executive officer now directly owns 61,249 shares of the company’s stock, valued at approximately $4,980,768.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 22,322 shares of company stock worth $1,814,728. Insiders own 2.05% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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

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