Ronna Sue Cohen Cuts Position in Science Applications International Corporation (NYSE:SAIC)

Ronna Sue Cohen cut its position in shares of Science Applications International Corporation (NYSE:SAIC) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,707 shares of the information technology services provider’s stock after selling 46 shares during the period. Ronna Sue Cohen’s holdings in Science Applications International Corporation were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SAIC. Tyers Asset Management LLC increased its position in Science Applications International Corporation by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock worth $101,000 after buying an additional 144 shares during the period. Sei Investments Co. increased its position in Science Applications International Corporation by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock worth $103,000 after buying an additional 39 shares during the period. Harbour Capital Advisors LLC bought a new position in Science Applications International Corporation during the first quarter worth $132,000. Bank of Montreal Can increased its position in Science Applications International Corporation by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after buying an additional 1,071 shares during the period. Finally, Elkfork Partners LLC increased its position in Science Applications International Corporation by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock worth $139,000 after buying an additional 198 shares during the period. Institutional investors own 68.40% of the company’s stock.

Science Applications International Corporation (SAIC) traded up 0.06% during trading on Friday, reaching $69.30. 198,810 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $70.64 and a 200-day moving average price of $76.94. The firm has a market cap of $3.03 billion, a PE ratio of 19.30 and a beta of 1.65. Science Applications International Corporation has a 12 month low of $60.34 and a 12 month high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings results on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm posted $0.80 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts forecast that Science Applications International Corporation will post $3.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 1.79%. Science Applications International Corporation’s dividend payout ratio (DPR) is presently 34.54%.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.com-unik.info/2017/08/12/ronna-sue-cohen-decreases-position-in-science-applications-international-corporation-nysesaic-updated-updated-updated.html.

A number of equities analysts have recently weighed in on SAIC shares. Zacks Investment Research downgraded shares of Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Cowen and Company dropped their price target on shares of Science Applications International Corporation from $82.00 to $75.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 19th. Wells Fargo & Company reissued a “market perform” rating and set a $75.00 target price (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. ValuEngine downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a research report on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, the insider now directly owns 106,147 shares of the company’s stock, valued at approximately $7,598,002.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 over the last three months. Insiders own 2.28% of the company’s stock.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

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

What are top analysts saying about Science Applications International Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Science Applications International Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit