Bridgewater Associates LP Sells 10,756 Shares of Science Applications International Co. (NYSE:SAIC)

Bridgewater Associates LP trimmed its stake in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 56.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,329 shares of the information technology services provider's stock after selling 10,756 shares during the quarter. Bridgewater Associates LP's holdings in Science Applications International were worth $1,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Townsquare Capital LLC acquired a new position in shares of Science Applications International during the third quarter worth $254,000. BNP Paribas Financial Markets boosted its holdings in shares of Science Applications International by 79.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,023 shares of the information technology services provider's stock valued at $1,535,000 after acquiring an additional 4,866 shares in the last quarter. Bank of Montreal Can grew its position in Science Applications International by 116.1% during the 3rd quarter. Bank of Montreal Can now owns 16,042 shares of the information technology services provider's stock worth $2,210,000 after acquiring an additional 8,617 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock worth $72,269,000 after purchasing an additional 6,780 shares in the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in shares of Science Applications International during the third quarter valued at about $206,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Up 0.1 %

Shares of SAIC stock traded up $0.11 on Monday, hitting $124.36. The stock had a trading volume of 393,775 shares, compared to its average volume of 314,667. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 22.35 and a beta of 0.70. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The business has a 50 day moving average of $139.60 and a 200 day moving average of $129.90.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $2.05 EPS. As a group, analysts expect that Science Applications International Co. will post 8.21 EPS for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.19%. Science Applications International's payout ratio is 26.62%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SAIC. Wells Fargo & Company raised shares of Science Applications International from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $157.00 to $147.00 in a report on Tuesday, November 26th. TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, September 6th. JPMorgan Chase & Co. raised shares of Science Applications International from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Barclays upped their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $147.13.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.