Brookstone Capital Management Buys 1,387 Shares of Science Applications International Corporation (SAIC)

Brookstone Capital Management lifted its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 30.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,949 shares of the information technology services provider’s stock after acquiring an additional 1,387 shares during the quarter. Brookstone Capital Management’s holdings in Science Applications International Corporation were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in Science Applications International Corporation by 0.3% in the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after buying an additional 51 shares during the last quarter. Arizona State Retirement System increased its holdings in Science Applications International Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after buying an additional 100 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Science Applications International Corporation by 3.5% in the second quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 119 shares during the last quarter. Stifel Financial Corp increased its holdings in Science Applications International Corporation by 4.6% in the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after buying an additional 128 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Science Applications International Corporation by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock valued at $1,227,000 after buying an additional 136 shares during the last quarter. 64.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is currently owned by corporate insiders.

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SAIC has been the topic of several recent analyst reports. Cowen and Company reissued a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a report on Friday, September 8th. Seaport Global Securities reissued a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $93.00 price objective on shares of Science Applications International Corporation in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $81.25.

Shares of Science Applications International Corporation (NYSE:SAIC) opened at $71.00 on Monday. Science Applications International Corporation has a 12 month low of $60.21 and a 12 month high of $89.87. The firm has a market cap of $3,055.81, a PE ratio of 19.26, a PEG ratio of 3.98 and a beta of 1.62. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $0.85 EPS. Science Applications International Corporation’s quarterly revenue was down 1.6% on a year-over-year basis. research analysts expect that Science Applications International Corporation will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a dividend of $0.31 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.64%.

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)

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