ARP Americas LP Acquires Shares of 3,600 Science Applications International Corp (NYSE:SAIC)

ARP Americas LP acquired a new stake in shares of Science Applications International Corp (NYSE:SAIC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,600 shares of the information technology services provider’s stock, valued at approximately $280,000.

Other hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC grew its stake in shares of Science Applications International by 274.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 449 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 329 shares during the last quarter. US Bancorp DE grew its stake in shares of Science Applications International by 45.9% during the first quarter. US Bancorp DE now owns 566 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 178 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Science Applications International by 26.5% during the first quarter. Parkside Financial Bank & Trust now owns 741 shares of the information technology services provider’s stock valued at $55,000 after buying an additional 155 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of Science Applications International by 48.2% during the first quarter. Meeder Asset Management Inc. now owns 1,561 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 508 shares during the last quarter. Finally, Stephenson National Bank & Trust bought a new position in shares of Science Applications International during the first quarter valued at approximately $118,000. Institutional investors and hedge funds own 75.16% of the company’s stock.

In other Science Applications International news, CFO Charles Alexander Mathis acquired 1,450 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was purchased at an average price of $69.80 per share, for a total transaction of $101,210.00. Following the acquisition, the chief financial officer now owns 24,196 shares in the company, valued at approximately $1,688,880.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company’s stock.

NYSE SAIC traded up $1.94 during midday trading on Friday, hitting $79.98. 632,880 shares of the company traded hands, compared to its average volume of 497,222. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.05 and a quick ratio of 0.93. The company has a market cap of $4.65 billion, a PE ratio of 14.03 and a beta of 1.07. The company’s 50-day simple moving average is $76.62 and its 200-day simple moving average is $81.31. Science Applications International Corp has a 52 week low of $45.45 and a 52 week high of $96.80.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, June 4th. The information technology services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.03). The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.72 billion. Science Applications International had a net margin of 3.17% and a return on equity of 25.32%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.36 EPS. On average, research analysts predict that Science Applications International Corp will post 6.04 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 17th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, July 16th. This represents a $1.48 annualized dividend and a yield of 1.85%. Science Applications International’s dividend payout ratio (DPR) is presently 26.15%.

A number of research analysts have recently commented on the company. Wells Fargo & Co upped their target price on Science Applications International from $85.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Morgan Stanley increased their price objective on Science Applications International from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 14th. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Goldman Sachs Group raised Science Applications International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $97.00 in a research note on Monday, April 20th. Finally, Zacks Investment Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Monday, April 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $99.73.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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

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