Science Applications International Corp (NYSE:SAIC) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,390,000 shares, an increase of 8.6% from the April 30th total of 1,280,000 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily trading volume, of 651,500 shares, the short-interest ratio is currently 2.1 days.

Shares of NYSE:SAIC traded up $0.55 during trading hours on Friday, hitting $84.91. 255,321 shares of the company’s stock traded hands, compared to its average volume of 639,111. Science Applications International has a 1 year low of $45.45 and a 1 year high of $96.80. The business has a fifty day moving average price of $80.26 and a 200-day moving average price of $83.18. The firm has a market capitalization of $4.89 billion, a P/E ratio of 14.85 and a beta of 1.07. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.27 and a quick ratio of 1.19.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, March 26th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.24. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. Science Applications International had a return on equity of 25.09% and a net margin of 3.54%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. As a group, equities analysts predict that Science Applications International will post 6.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Thursday, April 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Wednesday, April 8th. Science Applications International’s dividend payout ratio (DPR) is 26.15%.

Several equities analysts recently weighed in on SAIC shares. Citigroup lowered their target price on Science Applications International from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Goldman Sachs Group upgraded Science Applications International from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $97.00 in a research report on Monday, April 20th. Barclays reiterated a “buy” rating and set a $115.00 target price on shares of Science Applications International in a research report on Monday, January 27th. Stifel Nicolaus raised Science Applications International from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Thursday, April 2nd. Finally, SunTrust Banks decreased their price target on Science Applications International from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.73.

In related news, CEO Nazzic S. Keene bought 14,300 shares of the stock in a transaction that occurred on Friday, April 3rd. The shares were bought at an average cost of $70.75 per share, for a total transaction of $1,011,725.00. Following the completion of the transaction, the chief executive officer now owns 51,707 shares of the company’s stock, valued at $3,658,270.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvette Kanouff bought 1,500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were bought at an average price of $70.35 per share, for a total transaction of $105,525.00. Following the completion of the transaction, the director now directly owns 2,399 shares of the company’s stock, valued at approximately $168,769.65. The disclosure for this purchase can be found here. Company insiders own 1.64% of the company’s stock.

A number of large investors have recently modified their holdings of SAIC. Nisa Investment Advisors LLC raised its stake in Science Applications International by 31.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,191 shares of the information technology services provider’s stock worth $626,000 after buying an additional 1,740 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Science Applications International by 29.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,487 shares of the information technology services provider’s stock valued at $826,000 after purchasing an additional 2,143 shares during the last quarter. James Investment Research Inc. boosted its holdings in Science Applications International by 19.1% in the fourth quarter. James Investment Research Inc. now owns 2,603 shares of the information technology services provider’s stock valued at $226,000 after purchasing an additional 417 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Science Applications International by 2.1% in the fourth quarter. State of Michigan Retirement System now owns 14,485 shares of the information technology services provider’s stock valued at $1,260,000 after purchasing an additional 300 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in shares of Science Applications International by 14.6% during the 4th quarter. New York State Teachers Retirement System now owns 96,252 shares of the information technology services provider’s stock worth $8,376,000 after acquiring an additional 12,255 shares in the last quarter. 77.11% of the stock is owned by institutional investors.

Science Applications International Company 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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