Science Applications International Co. $SAIC Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its holdings in Science Applications International Co. (NYSE:SAIC) by 59.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,729 shares of the information technology services provider’s stock after selling 18,684 shares during the quarter. Capital Fund Management S.A.’s holdings in Science Applications International were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Science Applications International by 324.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 188 shares in the last quarter. US Bancorp DE raised its holdings in shares of Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Science Applications International by 315.5% in the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock valued at $39,000 after acquiring an additional 265 shares in the last quarter. Quarry LP boosted its stake in shares of Science Applications International by 97.0% during the first quarter. Quarry LP now owns 595 shares of the information technology services provider’s stock valued at $67,000 after acquiring an additional 293 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Science Applications International by 638.1% during the second quarter. Allworth Financial LP now owns 620 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 536 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Up 16.3%

Shares of NYSE SAIC opened at $101.79 on Friday. The stock has a market capitalization of $4.68 billion, a PE ratio of 17.17 and a beta of 0.30. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $93.39 and a 200-day moving average of $105.27. Science Applications International Co. has a 52-week low of $84.15 and a 52-week high of $133.00.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is presently 17.92%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SAIC shares. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a report on Monday, September 8th. Stifel Nicolaus cut their price objective on shares of Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Jefferies Financial Group decreased their target price on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $115.00 target price (down from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Finally, UBS Group reduced their price target on Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus price target of $115.10.

About Science Applications International

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.