Martingale Asset Management L P Trims Holdings in Science Applications International Co. (NYSE:SAIC)

Martingale Asset Management L P cut its stake in Science Applications International Co. (NYSE:SAIC) by 63.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,481 shares of the information technology services provider’s stock after selling 86,375 shares during the quarter. Martingale Asset Management L P owned about 0.10% of Science Applications International worth $7,030,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SAIC. International Assets Investment Management LLC grew its position in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares in the last quarter. Van ECK Associates Corp grew its position in Science Applications International by 122.7% during the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock worth $24,168,000 after buying an additional 113,260 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares in the last quarter. American Century Companies Inc. grew its position in Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after buying an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after buying an additional 27,664 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SAIC has been the subject of several recent analyst reports. Citigroup boosted their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Barclays boosted their target price on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Wells Fargo & Company upgraded Science Applications International from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $157.00 to $147.00 in a research report on Tuesday. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.00.

Science Applications International Trading Up 0.8 %

NYSE SAIC opened at $124.25 on Friday. Science Applications International Co. has a 1-year low of $112.00 and a 1-year high of $156.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a 50-day moving average of $139.60 and a 200-day moving average of $129.98. The firm has a market cap of $6.15 billion, a PE ratio of 22.35 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 EPS. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.21 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International’s payout ratio is 26.62%.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.