Goldman Sachs Group Inc. Has $24.09 Million Position in Science Applications International Corporation (SAIC)

Goldman Sachs Group Inc. reduced its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,996 shares of the information technology services provider’s stock after selling 64,615 shares during the quarter. Goldman Sachs Group Inc. owned 0.79% of Science Applications International Corporation worth $24,088,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SAIC. Sei Investments Co. grew its position in Science Applications International Corporation by 2.9% during 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 acquired a new position in Science Applications International Corporation during the first quarter worth about $132,000. Bank of Montreal Can grew its position in Science Applications International Corporation by 128.3% during 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. Envestnet Asset Management Inc. grew its position in Science Applications International Corporation by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after buying an additional 47 shares during the period. Finally, Point72 Asia Hong Kong Ltd acquired a new position in Science Applications International Corporation during the first quarter worth about $145,000. Institutional investors own 64.42% of the company’s stock.

Shares of Science Applications International Corporation (NYSE SAIC) opened at 69.18 on Friday. Science Applications International Corporation has a 52-week low of $60.21 and a 52-week high of $89.87. The stock has a 50 day moving average of $67.97 and a 200 day moving average of $71.65. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 19.32 and a beta of 1.60.

Science Applications International Corporation (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts predict that Science Applications International Corporation will post $3.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. Science Applications International Corporation’s payout ratio is currently 34.64%.

Several research analysts have weighed in on SAIC shares. Cowen and Company restated a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, September 8th. Seaport Global Securities restated a “buy” rating and set a $80.00 target price (down from $83.00) on shares of Science Applications International Corporation in a research report on Friday, September 8th. Jefferies Group LLC lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $80.63.

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Science Applications International Corporation 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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