Credit Suisse AG Grows Stock Position in Science Applications International Co. (NYSE:SAIC)

Credit Suisse AG increased its position in Science Applications International Co. (NYSE:SAIC – Get Rating) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,934 shares of the information technology services provider’s stock after acquiring an additional 519 shares during the quarter. Credit Suisse AG’s holdings in Science Applications International were worth $4,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC bought a new position in shares of Science Applications International during the 3rd quarter valued at approximately $41,000. Ronald Blue Trust Inc. purchased a new stake in Science Applications International during the 2nd quarter valued at $57,000. Atlas Capital Advisors LLC purchased a new stake in Science Applications International during the 2nd quarter valued at $66,000. Lazard Asset Management LLC raised its holdings in Science Applications International by 95.2% during the 2nd quarter. Lazard Asset Management LLC now owns 972 shares of the information technology services provider’s stock valued at $90,000 after buying an additional 474 shares during the period. Finally, USA Financial Portformulas Corp purchased a new stake in Science Applications International during the 3rd quarter valued at $129,000. 76.40% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.1 %

NYSE:SAIC opened at $106.64 on Wednesday. The company has a market capitalization of $5.83 billion, a PE ratio of 22.22 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 1.01 and a debt-to-equity ratio of 1.39. Science Applications International Co. has a 52-week low of $79.33 and a 52-week high of $117.94. The stock has a fifty day simple moving average of $106.45 and a 200-day simple moving average of $102.42.

Science Applications International (NYSE:SAIC – Get Rating) last announced its earnings results on Monday, December 5th. The information technology services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. Science Applications International had a net margin of 3.58% and a return on equity of 23.84%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.85 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts expect that Science Applications International Co. will post 7.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 14th. Citigroup started coverage on Science Applications International in a research report on Thursday, December 8th. They set a “buy” rating and a $141.00 price objective on the stock. Wells Fargo & Company raised their price target on Science Applications International from $99.00 to $121.00 in a report on Tuesday, December 6th. Stifel Nicolaus lifted their target price on Science Applications International from $99.00 to $110.00 in a report on Monday, December 5th. Finally, Morgan Stanley cut Science Applications International from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $108.00 to $114.00 in a research report on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Science Applications International has a consensus rating of “Hold” and an average price target of $114.50.

About Science Applications International

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Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services. Its offerings include engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher end, differentiated technology services, and end-to-end services spanning the entire spectrum of its customers IT infrastructure.