Science Applications International Corp (SAIC) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its position in Science Applications International Corp (NYSE:SAIC) by 12.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 503,500 shares of the information technology services provider’s stock after selling 74,400 shares during the period. TimesSquare Capital Management LLC owned about 1.16% of Science Applications International worth $33,659,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAIC. Vanguard Group Inc. boosted its holdings in shares of Science Applications International by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock valued at $353,833,000 after purchasing an additional 250,102 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Science Applications International by 1.4% in the 2nd quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock valued at $309,855,000 after purchasing an additional 60,206 shares during the last quarter. State Street Corp boosted its holdings in shares of Science Applications International by 4.8% in the 2nd quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after purchasing an additional 69,187 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Science Applications International by 4.2% during the 3rd 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Science Applications International by 4.0% during the 2nd 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 in the last quarter. 63.47% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Corp (SAIC) traded up $0.04 on Wednesday, hitting $73.27. 342,300 shares of the stock traded hands, compared to its average volume of 316,073. The company has a market cap of $3,166.50, a P/E ratio of 19.95, a P/E/G ratio of 4.12 and a beta of 1.60. Science Applications International Corp has a one year low of $60.21 and a one year high of $89.87. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.41 and a quick ratio of 1.23.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.85 EPS. Science Applications International’s revenue for the quarter was down 1.6% on a year-over-year basis. sell-side analysts expect that Science Applications International Corp will post 3.55 earnings per share for the current year.

Several equities analysts recently weighed in on SAIC shares. 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 target price (down previously from $83.00) on shares of Science Applications International in a report on Friday, September 8th. Zacks Investment Research lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Citigroup upgraded shares of Science Applications International from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $93.00 price objective on shares of Science Applications International in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Science Applications International currently has a consensus rating of “Hold” and an average price target of $80.71.

In related news, COO Nazzic S. Keene sold 18,772 shares of the business’s 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 this link. 2.94% of the stock is owned by corporate insiders.

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About Science Applications International

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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