Prospector Partners LLC Has $5.48 Million Holdings in Science Applications International Corp (SAIC)

Prospector Partners LLC reduced its stake in Science Applications International Corp (NYSE:SAIC) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,900 shares of the information technology services provider’s stock after selling 2,000 shares during the quarter. Prospector Partners LLC owned 0.19% of Science Applications International worth $5,475,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sei Investments Co. boosted its stake in shares of Science Applications International by 13.4% in the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 186 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Science Applications International by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after buying an additional 1,071 shares in the last quarter. GLG Partners LP purchased a new stake in shares of Science Applications International in the second quarter valued at approximately $143,000. Riverhead Capital Management LLC boosted its stake in shares of Science Applications International by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after buying an additional 930 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Science Applications International 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 in the last quarter. Institutional investors own 63.47% of the company’s stock.

In other news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.94% of the company’s stock.

Several brokerages recently issued reports on SAIC. Wells Fargo & Company raised Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Wednesday, October 25th. Cowen reaffirmed a “market perform” rating and set a $72.00 price objective (down from $75.00) on shares of Science Applications International in a report on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and set a $66.00 price objective on shares of Science Applications International in a report on Tuesday, October 24th. SunTrust Banks reaffirmed a “buy” rating and set a $93.00 price objective on shares of Science Applications International in a report on Friday, October 6th. Finally, BidaskClub cut Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.71.

Science Applications International Corp (SAIC) traded down $0.20 during midday trading on Thursday, hitting $73.07. The stock had a trading volume of 307,800 shares, compared to its average volume of 316,037. Science Applications International Corp has a 12 month low of $60.21 and a 12 month high of $89.87. The firm has a market capitalization of $3,168.23, a PE ratio of 19.97, a price-to-earnings-growth ratio of 4.13 and a beta of 1.60. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.23 and a current ratio of 1.41.

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

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Science Applications International 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 (NYSE:SAIC)

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