Allianz Asset Management GmbH Reduces Stake in Science Applications International Corp (SAIC)

Allianz Asset Management GmbH cut its stake in Science Applications International Corp (NYSE:SAIC) by 67.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,612 shares of the information technology services provider’s stock after selling 57,135 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.06% of Science Applications International worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAIC. Vanguard Group Inc. increased its position in Science Applications International by 5.2% during the second quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock worth $353,833,000 after buying an additional 250,102 shares during the last quarter. BlackRock Inc. boosted its holdings in Science Applications International by 1.4% during the second quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock valued at $309,855,000 after acquiring an additional 60,206 shares during the period. State Street Corp boosted its holdings in Science Applications International by 4.8% during the second quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after acquiring an additional 69,187 shares during the period. Bank of New York Mellon Corp boosted its holdings in Science Applications International by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 735,276 shares of the information technology services provider’s stock valued at $49,154,000 after acquiring an additional 29,387 shares during the period. Finally, Northern Trust Corp boosted its holdings in Science Applications International by 4.0% during the second quarter. Northern Trust Corp now owns 730,339 shares of the information technology services provider’s stock valued at $50,700,000 after acquiring an additional 28,257 shares during the period. 64.14% of the stock is currently owned by institutional investors and hedge funds.

Shares of Science Applications International Corp (NYSE SAIC) opened at $77.31 on Tuesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.34 and a quick ratio of 1.15. Science Applications International Corp has a one year low of $60.21 and a one year high of $89.87. The firm has a market cap of $3,306.23, a PE ratio of 21.24, a P/E/G ratio of 4.24 and a beta of 1.60.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, January 11th. Science Applications International’s payout ratio is presently 34.07%.

In related 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 value of $1,292,452.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.94% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on SAIC shares. Zacks Investment Research cut shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Seaport Global Securities restated a “buy” rating and set a $80.00 price target (down from $83.00) on shares of Science Applications International in a report on Friday, September 8th. Citigroup upgraded shares of Science Applications International from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $80.88.

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Science Applications International 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 (NYSE:SAIC)

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