Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in shares of Science Applications International Corp (NYSE:SAIC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,955 shares of the information technology services provider’s stock, valued at approximately $227,000.
A number of other institutional investors also recently modified their holdings of the stock. Royce & Associates LP purchased a new stake in Science Applications International during the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. increased its stake in shares of Science Applications International by 23.7% in the first quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 202 shares in the last quarter. Wilsey Asset Management Inc. purchased a new stake in shares of Science Applications International in the fourth quarter worth $144,000. NumerixS Investment Technologies Inc increased its stake in shares of Science Applications International by 30.4% in the fourth quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider’s stock worth $188,000 after purchasing an additional 700 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Science Applications International by 34.9% in the first quarter. Bank of Montreal Can now owns 2,557 shares of the information technology services provider’s stock worth $196,000 after purchasing an additional 662 shares in the last quarter. Institutional investors own 69.53% of the company’s stock.
SAIC has been the subject of a number of analyst reports. TheStreet cut shares of Science Applications International from a “b” rating to a “c+” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Vertical Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $83.00 to $108.00 in a research note on Friday, March 29th. ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $90.00 price objective on shares of Science Applications International in a research note on Thursday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Science Applications International has an average rating of “Hold” and an average price target of $87.13.
Shares of NYSE SAIC opened at $76.67 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. The firm has a market capitalization of $4.48 billion, a PE ratio of 15.21, a PEG ratio of 2.75 and a beta of 1.52. Science Applications International Corp has a 1 year low of $58.19 and a 1 year high of $93.31.
Science Applications International (NYSE:SAIC) last posted 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. Science Applications International’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company posted $1.16 earnings per share. As a group, research analysts predict that Science Applications International Corp will post 5.02 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.93%. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s dividend payout ratio (DPR) is presently 29.37%.
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About Science Applications International
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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