Brookstone Capital Management purchased a new position in Science Applications International Corp (NYSE:SAIC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 7,550 shares of the information technology services provider’s stock, valued at approximately $581,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Oakbrook Investments LLC acquired a new position in Science Applications International in the first quarter worth $254,000. Nisa Investment Advisors LLC boosted its stake in Science Applications International by 72.1% in the first quarter. Nisa Investment Advisors LLC now owns 5,351 shares of the information technology services provider’s stock worth $412,000 after purchasing an additional 2,241 shares in the last quarter. Ronna Sue Cohen boosted its stake in Science Applications International by 7,630.5% in the first quarter. Ronna Sue Cohen now owns 452,081 shares of the information technology services provider’s stock worth $452,000 after purchasing an additional 446,233 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in Science Applications International by 19.8% in the first quarter. New Mexico Educational Retirement Board now owns 10,300 shares of the information technology services provider’s stock worth $793,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Science Applications International by 23.7% in the first quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 202 shares in the last quarter. 69.53% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. ValuEngine lowered Science Applications International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Tuesday, March 12th. TheStreet lowered Science Applications International from a “b” rating to a “c+” rating in a research note on Tuesday, April 9th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Science Applications International in a research note on Wednesday, April 10th. Finally, Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and upped their price target for the company from $83.00 to $108.00 in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Science Applications International has a consensus rating of “Hold” and a consensus target price of $88.57.

Shares of SAIC opened at $73.01 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.52 and a debt-to-equity ratio of 1.38. Science Applications International Corp has a 12-month low of $58.19 and a 12-month high of $93.31. The firm has a market cap of $4.33 billion, a PE ratio of 14.49, a PEG ratio of 2.70 and a beta of 1.56.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that Science Applications International Corp will post 5.02 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, April 11th. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. Science Applications International’s dividend payout ratio is 29.37%.

In other news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at $4,436,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.05% of the company’s stock.

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About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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