Intech Investment Management LLC Decreases Holdings in Science Applications International Co. (NYSE:SAIC)

Intech Investment Management LLC reduced its position in Science Applications International Co. (NYSE:SAIC) by 58.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,824 shares of the information technology services provider’s stock after selling 4,044 shares during the quarter. Intech Investment Management LLC’s holdings in Science Applications International were worth $393,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after purchasing an additional 56,414 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Science Applications International by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after purchasing an additional 25,807 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after purchasing an additional 28,304 shares during the period. AQR Capital Management LLC increased its holdings in Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after buying an additional 27,664 shares during the period. Finally, Van ECK Associates Corp raised its position in Science Applications International by 21.9% during the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after buying an additional 44,990 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Down 1.1 %

SAIC opened at $123.01 on Wednesday. The company has a market cap of $6.09 billion, a PE ratio of 22.12 and a beta of 0.64. Science Applications International Co. has a twelve month low of $112.00 and a twelve month high of $156.34. The company has a 50-day moving average price of $139.04 and a 200 day moving average price of $129.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.05 EPS. Sell-side analysts expect that Science Applications International Co. will post 8.21 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.20%. Science Applications International’s payout ratio is 26.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAIC shares. TD Cowen upped their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. UBS Group started coverage on Science Applications International in a report on Monday. They set a “neutral” rating and a $134.00 target price on the stock. Wells Fargo & Company raised Science Applications International from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $157.00 to $147.00 in a report on Tuesday, November 26th. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $147.13.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.