Russell Investments Group Ltd. Reduces Holdings in Science Applications International Co. (NYSE:SAIC)

Russell Investments Group Ltd. decreased its position in Science Applications International Co. (NYSE:SAIC – Get Rating) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,361 shares of the information technology services provider’s stock after selling 630 shares during the period. Russell Investments Group Ltd.’s holdings in Science Applications International were worth $1,815,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates purchased a new stake in shares of Science Applications International in the 4th quarter valued at approximately $46,000. Fiduciary Alliance LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $55,000. WFA of San Diego LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $55,000. Atlas Capital Advisors LLC acquired a new position in shares of Science Applications International in the 2nd quarter worth approximately $66,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $107,000. Hedge funds and other institutional investors own 76.40% of the company’s stock.

Science Applications International Price Performance

Science Applications International stock opened at $98.47 on Tuesday. The stock has a market cap of $5.34 billion, a P/E ratio of 18.30 and a beta of 0.71. The company has a fifty day simple moving average of $103.57 and a 200-day simple moving average of $106.24. Science Applications International Co. has a 12-month low of $81.11 and a 12-month high of $117.94. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.38.

Science Applications International (NYSE:SAIC – Get Rating) last released its quarterly earnings data on Monday, April 3rd. The information technology services provider reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Science Applications International had a net margin of 3.89% and a return on equity of 25.20%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.50 EPS. Equities analysts expect that Science Applications International Co. will post 6.93 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $1.48 annualized dividend and a yield of 1.50%. Science Applications International’s dividend payout ratio is currently 27.51%.

Analysts Set New Price Targets

SAIC has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Science Applications International from $110.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Wells Fargo & Company decreased their price objective on shares of Science Applications International from $121.00 to $118.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 4th. Citigroup decreased their price objective on shares of Science Applications International from $141.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, April 4th. StockNews.com assumed coverage on shares of Science Applications International in a research report on Thursday, May 18th. They issued a “strong-buy” rating for the company. Finally, The Goldman Sachs Group raised their price target on shares of Science Applications International from $90.00 to $97.00 and gave the company a “sell” rating in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average target price of $113.30.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 1,193 shares of Science Applications International stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $108.48, for a total transaction of $129,416.64. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $847,554.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Katharina G. Mcfarland sold 1,193 shares of Science Applications International stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $108.48, for a total transaction of $129,416.64. Following the sale, the director now directly owns 7,813 shares in the company, valued at approximately $847,554.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael W. Larouche sold 6,000 shares of Science Applications International stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $107.19, for a total transaction of $643,140.00. Following the sale, the insider now owns 49,192 shares in the company, valued at $5,272,890.48. The disclosure for this sale can be found here. Insiders have sold 33,430 shares of company stock worth $3,589,623 in the last ninety days. 1.12% of the stock is owned by corporate insiders.

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.