Wellington Management Group LLP Trims Stock Position in Science Applications International Co. (NYSE:SAIC)

Wellington Management Group LLP lowered its position in shares of Science Applications International Co. (NYSE:SAIC - Free Report) by 38.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,747,080 shares of the information technology services provider's stock after selling 1,689,028 shares during the period. Wellington Management Group LLP owned 5.55% of Science Applications International worth $382,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider's stock valued at $34,215,000 after buying an additional 245,005 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Science Applications International by 122.7% in the 2nd quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider's stock valued at $24,168,000 after purchasing an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock valued at $130,333,000 after acquiring an additional 56,414 shares during the last quarter. American Century Companies Inc. raised its stake in Science Applications International by 8.1% during the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock worth $44,524,000 after acquiring an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Science Applications International by 9.7% in the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider's stock valued at $36,887,000 after purchasing an additional 27,664 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAIC. UBS Group started coverage on Science Applications International in a research note on Monday, December 2nd. They set a "neutral" rating and a $134.00 price target on the stock. Barclays raised their price target 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. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research note on Friday. StockNews.com cut Science Applications International from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their target price on Science Applications International from $147.00 to $154.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $145.25.

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $2.72 during midday trading on Friday, reaching $118.06. The company's stock had a trading volume of 800,313 shares, compared to its average volume of 526,664. The firm has a 50 day moving average price of $138.09 and a 200-day moving average price of $129.43. The stock has a market capitalization of $5.85 billion, a P/E ratio of 19.91 and a beta of 0.64. Science Applications International Co. has a 12-month low of $112.00 and a 12-month high of $156.34. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. Science Applications International's revenue was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Science Applications International Co. will post 8.57 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.25%. Science Applications International's dividend payout ratio is presently 24.96%.

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.