TIAA CREF Investment Management LLC Grows Stake in Science Applications International Co. (SAIC)

TIAA CREF Investment Management LLC increased its stake in Science Applications International Co. (NYSE:SAIC) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,825 shares of the information technology services provider’s stock after buying an additional 15,705 shares during the quarter. TIAA CREF Investment Management LLC’s holdings in Science Applications International were worth $16,526,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of Science Applications International by 73.8% in the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 708 shares in the last quarter. Dowling & Yahnke LLC grew its stake in shares of Science Applications International by 3.7% in the fourth quarter. Dowling & Yahnke LLC now owns 22,849 shares of the information technology services provider’s stock valued at $1,750,000 after buying an additional 808 shares in the last quarter. Strs Ohio grew its stake in shares of Science Applications International by 23.7% in the fourth quarter. Strs Ohio now owns 4,700 shares of the information technology services provider’s stock valued at $359,000 after buying an additional 900 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in Science Applications International by 3.5% during the 4th quarter. UBS Asset Management Americas Inc. now owns 27,125 shares of the information technology services provider’s stock valued at $2,077,000 after purchasing an additional 908 shares in the last quarter. Finally, ING Groep NV grew its stake in Science Applications International by 21.9% during the 4th quarter. ING Groep NV now owns 6,525 shares of the information technology services provider’s stock valued at $500,000 after purchasing an additional 1,172 shares in the last quarter. Institutional investors and hedge funds own 64.63% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of equities research analysts have weighed in on SAIC shares. Zacks Investment Research upgraded Science Applications International from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Jefferies Group restated a “hold” rating and set a $78.00 price objective on shares of Science Applications International in a research note on Monday, January 8th. Cowen restated a “hold” rating and set a $72.00 price objective on shares of Science Applications International in a research note on Friday, December 8th. Finally, Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.38.

Shares of NYSE SAIC opened at $78.80 on Monday. Science Applications International Co. has a fifty-two week low of $60.21 and a fifty-two week high of $88.49. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. The company has a market cap of $3,369.96, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 3.90 and a beta of 1.51.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, March 29th. The information technology services provider reported $1.16 EPS for the quarter, topping the consensus estimate of $0.81 by $0.35. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.04 billion. Science Applications International had a return on equity of 50.26% and a net margin of 3.77%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. equities analysts expect that Science Applications International Co. will post 4.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a $0.31 dividend. The ex-dividend date is Thursday, April 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.57%. Science Applications International’s payout ratio is 35.13%.

TRADEMARK VIOLATION NOTICE: “TIAA CREF Investment Management LLC Grows Stake in Science Applications International Co. (SAIC)” was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.wkrb13.com/2018/04/02/tiaa-cref-investment-management-llc-grows-stake-in-science-applications-international-co-saic.html.

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 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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Co. (NYSE:SAIC).

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

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply