Principal Financial Group Inc. Purchases 71,768 Shares of Science Applications International Co. (NYSE:SAIC)

Principal Financial Group Inc. grew its position in shares of Science Applications International Co. (NYSE:SAICGet Rating) by 37.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 265,417 shares of the information technology services provider’s stock after acquiring an additional 71,768 shares during the period. Principal Financial Group Inc. owned about 0.48% of Science Applications International worth $24,711,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock worth $525,321,000 after purchasing an additional 491,167 shares during the period. BlackRock Inc. grew its holdings in Science Applications International by 2.0% in the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock worth $450,486,000 after purchasing an additional 94,874 shares during the period. Boston Partners grew its holdings in Science Applications International by 1.4% in the first quarter. Boston Partners now owns 4,143,784 shares of the information technology services provider’s stock worth $381,875,000 after purchasing an additional 56,181 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Science Applications International by 44.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,070,435 shares of the information technology services provider’s stock valued at $190,832,000 after buying an additional 636,805 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Science Applications International by 5.1% during the first quarter. State Street Corp now owns 1,574,107 shares of the information technology services provider’s stock valued at $145,085,000 after buying an additional 76,621 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

Science Applications International Stock Up 1.4 %

Shares of Science Applications International stock opened at $107.06 on Friday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 23.43 and a beta of 0.75. The company’s 50 day moving average is $98.42 and its 200 day moving average is $93.32. Science Applications International Co. has a twelve month low of $78.10 and a twelve month high of $113.03. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 1.49.

Science Applications International (NYSE:SAICGet Rating) last released its quarterly earnings results on Thursday, September 1st. The information technology services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.07. Science Applications International had a net margin of 3.46% and a return on equity of 24.18%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the firm earned $1.97 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Research analysts anticipate that Science Applications International Co. will post 7.1 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were given a $0.37 dividend. The ex-dividend date was Thursday, October 13th. This represents a $1.48 annualized dividend and a yield of 1.38%. Science Applications International’s payout ratio is presently 32.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Science Applications International in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Jefferies Financial Group cut shares of Science Applications International from a “buy” rating to a “hold” rating and set a $110.00 price target on the stock. in a report on Thursday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.43.

About Science Applications International

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Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; 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, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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

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