Northern Trust Corp Acquires 4,499 Shares of Science Applications International Corp (SAIC)

Northern Trust Corp lifted its position in Science Applications International Corp (NYSE:SAIC) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 689,341 shares of the information technology services provider’s stock after buying an additional 4,499 shares during the period. Northern Trust Corp owned about 1.62% of Science Applications International worth $43,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Science Applications International by 7.0% in the third quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock worth $435,631,000 after purchasing an additional 352,533 shares during the period. Vanguard Group Inc boosted its position in shares of Science Applications International by 7.0% during the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock worth $435,631,000 after acquiring an additional 352,533 shares during the last quarter. BlackRock Inc. boosted its position in shares of Science Applications International by 2.7% during the fourth quarter. BlackRock Inc. now owns 4,850,232 shares of the information technology services provider’s stock worth $308,958,000 after acquiring an additional 127,029 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Science Applications International by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,010,999 shares of the information technology services provider’s stock worth $81,485,000 after acquiring an additional 17,773 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Science Applications International by 14.9% during the third quarter. AQR Capital Management LLC now owns 807,873 shares of the information technology services provider’s stock worth $65,115,000 after acquiring an additional 104,727 shares during the last quarter. 69.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Wells Fargo & Co upped their target price on shares of Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a research report on Friday, March 29th. Citigroup assumed coverage on shares of Science Applications International in a research report on Tuesday, February 19th. They set a “buy” rating for the company. TheStreet lowered shares of Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday. Zacks Investment Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Finally, Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and increased their price objective for the company from $83.00 to $108.00 in a research report on Friday, March 29th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.57.

Shares of SAIC traded down $0.03 during midday trading on Friday, hitting $74.51. The stock had a trading volume of 356,339 shares, compared to its average volume of 561,436. Science Applications International Corp has a 1 year low of $58.19 and a 1 year high of $93.31. The company has a market cap of $4.42 billion, a P/E ratio of 14.78, a P/E/G ratio of 2.70 and a beta of 1.56. The company has a current ratio of 1.60, a quick ratio of 1.52 and a debt-to-equity ratio of 1.38.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.28. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Analysts predict that Science Applications International Corp will post 5.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio (DPR) is currently 29.37%.

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Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; 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.

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

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