Trade Report: The BlackRock Advisors LLC decreases its position in Science Applications International Corp. (SAIC)

The BlackRock Advisors LLC decreases its position in Science Applications International Corp. (SAIC)

BlackRock Advisors LLC decreased its position in Science Applications International Corp. (NYSE:SAIC) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,794 shares of the company’s stock after selling 6,561 shares during the period. BlackRock Advisors LLC owned approximately 0.26% of Science Applications International Corp. worth $6,873,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Teachers Advisors Inc. raised its position in shares of Science Applications International Corp. by 345.4% in the first quarter. Teachers Advisors Inc. now owns 314,948 shares of the company’s stock worth $16,799,000 after buying an additional 244,237 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Science Applications International Corp. during the second quarter worth about $11,911,000. Vanguard Group Inc. raised its position in shares of Science Applications International Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 3,455,643 shares of the company’s stock worth $201,636,000 after buying an additional 162,935 shares during the period. Foundry Partners LLC acquired a new position in shares of Science Applications International Corp. during the second quarter worth about $6,910,000. Finally, Ameriprise Financial Inc. raised its position in shares of Science Applications International Corp. by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 501,154 shares of the company’s stock worth $29,242,000 after buying an additional 68,422 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 68.99 on Friday. The company has a market capitalization of $3.05 billion, a PE ratio of 24.30 and a beta of 1.54. Science Applications International Corp. has a 1-year low of $39.76 and a 1-year high of $72.50. The stock’s 50 day moving average price is $67.49 and its 200-day moving average price is $59.18.

Science Applications International Corp. (NYSE:SAIC) last announced its earnings results on Thursday, September 8th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company earned $1.10 billion during the quarter. Science Applications International Corp. had a return on equity of 38.81% and a net margin of 2.92%. Science Applications International Corp.’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. On average, equities analysts predict that Science Applications International Corp. will post $3.30 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 14th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. Science Applications International Corp.’s dividend payout ratio (DPR) is 43.66%.

Several research firms have issued reports on SAIC. Zacks Investment Research upgraded shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, August 16th. Jefferies Group lifted their price target on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Cowen and Company downgraded shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $64.00 to $71.00 in a research report on Friday, September 9th. Citigroup Inc. lifted their price target on shares of Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $63.00 price target (up previously from $55.00) on shares of Science Applications International Corp. in a research report on Thursday, June 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.17.

In other news, CFO Maria M. Bishop sold 2,160 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $69.65, for a total value of $150,444.00. Following the sale, the chief financial officer now directly owns 11,569 shares of the company’s stock, valued at $805,780.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas Martin Wagoner sold 2,300 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $69.68, for a total value of $160,264.00. Following the completion of the sale, the insider now directly owns 30,916 shares in the company, valued at $2,154,226.88. The disclosure for this sale can be found here. 2.28% of the stock is owned by company insiders.

Science Applications International Corp. Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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