Science Applications International (SAIC) Sees Large Volume Increase

Science Applications International Corp (NYSE:SAIC) shares saw unusually-strong trading volume on Friday . Approximately 3,414,312 shares traded hands during trading, an increase of 332% from the previous session’s volume of 791,102 shares.The stock last traded at $65.03 and had previously closed at $64.56.

A number of brokerages have recently weighed in on SAIC. Drexel Hamilton upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, September 28th. Jefferies Financial Group upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, September 25th. Zacks Investment Research cut Science Applications International from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Wells Fargo & Co restated a “hold” rating on shares of Science Applications International in a research report on Sunday, December 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Science Applications International has an average rating of “Hold” and a consensus target price of $82.86.

The company has a quick ratio of 1.40, a current ratio of 1.57 and a debt-to-equity ratio of 2.50. The stock has a market cap of $2.75 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.61 and a beta of 1.45.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, December 6th. The information technology services provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.14 by $0.21. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Science Applications International had a return on equity of 57.96% and a net margin of 4.29%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. As a group, research analysts forecast that Science Applications International Corp will post 4.51 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, January 10th. Science Applications International’s payout ratio is currently 35.13%.

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. BlackRock Inc. boosted its stake in Science Applications International by 3.1% during the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock valued at $375,682,000 after purchasing an additional 137,944 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Science Applications International by 4.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 18,375 shares of the information technology services provider’s stock valued at $1,487,000 after purchasing an additional 732 shares in the last quarter. FMR LLC boosted its stake in Science Applications International by 3.1% during the 2nd quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock valued at $159,337,000 after purchasing an additional 58,804 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Science Applications International by 136.4% during the 2nd quarter. Federated Investors Inc. PA now owns 30,837 shares of the information technology services provider’s stock valued at $2,496,000 after purchasing an additional 17,794 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in Science Applications International by 52.8% during the 2nd quarter. BlueMountain Capital Management LLC now owns 10,428 shares of the information technology services provider’s stock valued at $844,000 after purchasing an additional 3,605 shares in the last quarter. 67.20% of the stock is owned by hedge funds and other institutional investors.

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About Science Applications International (NYSE:SAIC)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its 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.

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