First Trust Advisors LP decreased its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,073 shares of the information technology services provider’s stock after selling 4,765 shares during the quarter. First Trust Advisors LP owned about 0.32% of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION worth $9,297,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SAIC. Wellington Management Group LLP grew its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 278.2% during the 1st quarter. Wellington Management Group LLP now owns 37,761 shares of the information technology services provider’s stock worth $2,809,000 after purchasing an additional 27,777 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 8.1% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,254 shares of the information technology services provider’s stock worth $614,000 after purchasing an additional 620 shares during the period. Capstone Asset Management Co. grew its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 7.7% during the 2nd quarter. Capstone Asset Management Co. now owns 4,744 shares of the information technology services provider’s stock worth $329,000 after purchasing an additional 340 shares during the period. Bank of Montreal Can grew its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,071 shares during the period. Finally, NN Investment Partners Holdings N.V. grew its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.1% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 39,900 shares of the information technology services provider’s stock valued at $2,770,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 64.45% of the company’s stock.

In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.94% of the stock is owned by company insiders.

SAIC has been the topic of a number of research reports. BidaskClub cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC lowered shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Seaport Global Securities restated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, September 8th. Zacks Investment Research lowered shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, Citigroup Inc. upgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION currently has an average rating of “Hold” and an average target price of $80.71.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) opened at $68.61 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 1-year low of $60.21 and a 1-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. The company has a market cap of $2,966.77, a P/E ratio of 18.69, a P/E/G ratio of 3.86 and a beta of 1.62.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.77% and a return on equity of 48.69%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business earned $0.85 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. equities analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post 3.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, October 12th. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio (DPR) is 34.64%.

WARNING: This article was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.watchlistnews.com/first-trust-advisors-lp-trims-position-in-science-applications-international-corporation-saic/1697692.html.

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)

Receive News & Ratings for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION and related companies with Analyst Ratings Network's FREE daily email newsletter.