Science Applications International Corporation (SAIC) Shares Sold by CNA Financial Corp

CNA Financial Corp decreased its holdings in shares of Science Applications International Corporation (NYSE:SAIC) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,900 shares of the information technology services provider’s stock after selling 1,000 shares during the period. CNA Financial Corp’s holdings in Science Applications International Corporation were worth $662,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Creative Planning raised its stake in Science Applications International Corporation by 0.3% during the 2nd quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock worth $1,153,000 after buying an additional 51 shares during the period. Arizona State Retirement System raised its stake in Science Applications International Corporation by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after buying an additional 100 shares during the period. Teacher Retirement System of Texas raised its stake in Science Applications International Corporation by 3.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock worth $244,000 after buying an additional 119 shares during the period. Stifel Financial Corp raised its stake in Science Applications International Corporation by 4.6% during the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after buying an additional 128 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Science Applications International Corporation by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock worth $1,227,000 after buying an additional 136 shares during the period. Institutional investors own 64.57% of the company’s stock.

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In other news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.94% of the company’s stock.

Shares of Science Applications International Corporation (SAIC) traded down $0.19 during trading on Thursday, hitting $67.89. The stock had a trading volume of 249,900 shares, compared to its average volume of 319,822. The stock has a market capitalization of $2,943.82, a P/E ratio of 18.55, a PEG ratio of 3.83 and a beta of 1.62. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, October 12th. Science Applications International Corporation’s dividend payout ratio (DPR) is presently 34.64%.

A number of research firms recently weighed in on SAIC. BidaskClub downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Citigroup Inc. raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 price target (down from $83.00) on shares of Science Applications International Corporation in a research note on Friday, September 8th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 price target on shares of Science Applications International Corporation in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.71.

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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