Science Applications International Co. (NYSE:SAIC) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in Science Applications International Co. (NYSE:SAICGet Rating) by 95.2% during the 2nd quarter, Holdings Channel reports. The fund owned 972 shares of the information technology services provider’s stock after purchasing an additional 474 shares during the quarter. Lazard Asset Management LLC’s holdings in Science Applications International were worth $90,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Science Applications International by 2.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,942 shares of the information technology services provider’s stock valued at $640,000 after buying an additional 162 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Science Applications International by 2.3% in the second quarter. Exchange Traded Concepts LLC now owns 7,255 shares of the information technology services provider’s stock valued at $675,000 after buying an additional 164 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Science Applications International by 7.2% in the first quarter. Mercer Global Advisors Inc. ADV now owns 2,578 shares of the information technology services provider’s stock valued at $238,000 after buying an additional 173 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Science Applications International by 4.9% in the first quarter. Commonwealth Equity Services LLC now owns 3,867 shares of the information technology services provider’s stock valued at $356,000 after buying an additional 181 shares in the last quarter. Finally, Verity Asset Management Inc. raised its stake in Science Applications International by 7.0% in the first quarter. Verity Asset Management Inc. now owns 2,847 shares of the information technology services provider’s stock valued at $263,000 after buying an additional 186 shares in the last quarter. 75.26% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of SAIC stock opened at $108.99 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.95 and a current ratio of 1.07. Science Applications International Co. has a 1 year low of $78.10 and a 1 year high of $113.03. The stock’s 50-day moving average is $98.98 and its two-hundred day moving average is $93.72. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of 23.85 and a beta of 0.75.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings results on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.07. Science Applications International had a return on equity of 24.18% and a net margin of 3.46%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company posted $1.97 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Analysts predict that Science Applications International Co. will post 7.1 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, October 14th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Thursday, October 13th. Science Applications International’s dividend payout ratio is currently 32.39%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com assumed coverage on Science Applications International in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Jefferies Financial Group lowered Science Applications International from a “buy” rating to a “hold” rating and set a $110.00 price objective on the stock. in a report on Thursday, November 17th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $106.43.

About Science Applications International

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Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; 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, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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

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