MetLife Investment Advisors LLC boosted its holdings in Science Applications International Corp (NYSE:SAIC) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,778 shares of the information technology services provider’s stock after buying an additional 9,002 shares during the quarter. MetLife Investment Advisors LLC owned 0.09% of Science Applications International worth $4,061,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of SAIC. Clearbridge Investments LLC acquired a new position in Science Applications International in the first quarter valued at approximately $11,275,000. Marshall Wace North America L.P. lifted its holdings in Science Applications International by 5.2% in the first quarter. Marshall Wace North America L.P. now owns 11,549 shares of the information technology services provider’s stock valued at $890,000 after buying an additional 574 shares during the period. CNA Financial Corp lifted its holdings in Science Applications International by 12.1% in the first quarter. CNA Financial Corp now owns 10,200 shares of the information technology services provider’s stock valued at $785,000 after buying an additional 1,100 shares during the period. GAM Holding AG lifted its holdings in Science Applications International by 9.1% in the first quarter. GAM Holding AG now owns 10,236 shares of the information technology services provider’s stock valued at $788,000 after buying an additional 851 shares during the period. Finally, Rubric Capital Management LP bought a new stake in Science Applications International in the first quarter valued at approximately $49,406,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.
In related news, CEO Anthony J. Moraco sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $85.65, for a total transaction of $1,199,100.00. Following the transaction, the chief executive officer now directly owns 65,798 shares of the company’s stock, valued at $5,635,598.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anthony J. Moraco sold 12,694 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $85.87, for a total transaction of $1,090,033.78. Following the transaction, the chief executive officer now directly owns 47,661 shares in the company, valued at $4,092,650.07. The disclosure for this sale can be found here. Company insiders own 1.64% of the company’s stock.
SAIC traded up $0.80 during trading hours on Friday, hitting $87.31. 478,579 shares of the company’s stock were exchanged, compared to its average volume of 475,952. Science Applications International Corp has a 1-year low of $58.19 and a 1-year high of $93.31. The firm has a 50-day moving average price of $84.21. The company has a market capitalization of $5.12 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 2.87 and a beta of 1.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.18 and a current ratio of 1.30.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a net margin of 2.80% and a return on equity of 25.89%. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 earnings per share. As a group, sell-side analysts anticipate that Science Applications International Corp will post 5.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, July 11th. Science Applications International’s dividend payout ratio is presently 29.37%.
Science Applications International Profile
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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