Chicago Equity Partners LLC bought a new position in shares of Science Applications International Corp (NYSE:SAIC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,415 shares of the information technology services provider’s stock, valued at approximately $1,162,000.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Science Applications International by 3.1% during the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock worth $375,682,000 after buying an additional 137,944 shares in the last quarter. FMR LLC lifted its holdings in Science Applications International by 3.1% during the 2nd quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock worth $159,337,000 after buying an additional 58,804 shares in the last quarter. Northern Trust Corp lifted its holdings in Science Applications International by 0.7% during the 2nd quarter. Northern Trust Corp now owns 670,818 shares of the information technology services provider’s stock worth $54,289,000 after buying an additional 4,916 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Science Applications International by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 338,908 shares of the information technology services provider’s stock worth $27,428,000 after buying an additional 21,434 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Science Applications International by 26.6% during the 2nd quarter. Legal & General Group Plc now owns 327,926 shares of the information technology services provider’s stock worth $26,539,000 after buying an additional 68,845 shares in the last quarter. Institutional investors own 64.47% of the company’s stock.

SAIC has been the topic of a number of research reports. Drexel Hamilton upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, September 28th. Cowen restated a “hold” rating and issued a $82.00 price objective on shares of Science Applications International in a report on Tuesday, September 11th. ValuEngine lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Jefferies Financial Group upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, September 25th. Finally, Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $86.86.

Shares of SAIC opened at $70.11 on Wednesday. Science Applications International Corp has a twelve month low of $66.24 and a twelve month high of $93.31. The firm has a market capitalization of $3.05 billion, a PE ratio of 19.86, a PEG ratio of 3.17 and a beta of 1.49. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 2.61.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.14. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business earned $0.80 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Equities analysts expect that Science Applications International Corp will post 4.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Monday, October 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. Science Applications International’s payout ratio is 35.13%.

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Science Applications International Company 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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