Science Applications International Co. (NYSE:SAIC) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its holdings in Science Applications International Co. (NYSE:SAIC) by 56.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,329 shares of the information technology services provider’s stock after selling 10,756 shares during the quarter. Bridgewater Associates LP’s holdings in Science Applications International were worth $1,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Townsquare Capital LLC acquired a new stake in shares of Science Applications International in the third quarter worth $254,000. BNP Paribas Financial Markets increased its stake in shares of Science Applications International by 79.0% in the third quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider’s stock worth $1,535,000 after acquiring an additional 4,866 shares during the period. Bank of Montreal Can boosted its holdings in Science Applications International by 116.1% during the third quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider’s stock worth $2,210,000 after buying an additional 8,617 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after buying an additional 6,780 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in Science Applications International during the third quarter worth $206,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Wells Fargo & Company raised shares of Science Applications International from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $157.00 to $147.00 in a report on Tuesday, November 26th. Finally, Barclays increased their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Science Applications International currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.00.

Science Applications International Price Performance

Science Applications International stock opened at $124.25 on Monday. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The stock has a market cap of $6.15 billion, a P/E ratio of 22.35 and a beta of 0.70. The company has a 50-day moving average price of $139.60 and a 200 day moving average price of $129.90. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21.

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

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

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.