MML Investors Services LLC Takes $307,000 Position in Science Applications International Co. (NYSE:SAIC)

MML Investors Services LLC acquired a new position in Science Applications International Co. (NYSE:SAIC – Get Rating) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,468 shares of the information technology services provider’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. Wellington Management Group LLP increased its stake in shares of Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after purchasing an additional 491,167 shares in the last quarter. BlackRock Inc. grew its stake in Science Applications International by 2.0% in the 1st quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock valued at $450,486,000 after buying an additional 94,874 shares in the last quarter. Boston Partners raised its holdings in Science Applications International by 0.8% during the 3rd quarter. Boston Partners now owns 3,783,231 shares of the information technology services provider’s stock valued at $337,462,000 after acquiring an additional 31,596 shares during the period. State Street Corp lifted its position in shares of Science Applications International by 5.1% during the first quarter. State Street Corp now owns 1,574,107 shares of the information technology services provider’s stock worth $145,085,000 after acquiring an additional 76,621 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Science Applications International by 5.5% in the second quarter. FMR LLC now owns 1,382,493 shares of the information technology services provider’s stock worth $128,710,000 after acquiring an additional 72,196 shares during the period. 76.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of analyst reports. 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 research note on Thursday, November 17th. Citigroup assumed coverage on shares of Science Applications International in a research note on Thursday, December 8th. They set a “buy” rating and a $141.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Science Applications International from $83.00 to $94.00 and gave the stock a “sell” rating in a research note on Tuesday, December 6th. Stifel Nicolaus boosted their price target on shares of Science Applications International from $99.00 to $110.00 in a research report on Monday, December 5th. Finally, Wells Fargo & Company upped their price target on shares of Science Applications International from $99.00 to $121.00 in a report on Tuesday, December 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus price target of $114.50.

Science Applications International Stock Down 1.1 %

Shares of NYSE:SAIC opened at $104.89 on Friday. The firm has a market capitalization of $5.73 billion, a PE ratio of 21.85 and a beta of 0.69. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.90 and a current ratio of 1.01. Science Applications International Co. has a 52-week low of $79.33 and a 52-week high of $117.94. The firm has a fifty day moving average of $106.06 and a 200 day moving average of $102.91.

Science Applications International (NYSE:SAIC – Get Rating) last posted its quarterly earnings data on Monday, December 5th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Science Applications International had a return on equity of 23.84% and a net margin of 3.58%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. As a group, research analysts anticipate that Science Applications International Co. will post 7.16 EPS for the current fiscal year.

Science Applications International Company Profile

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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.