Science Applications International Corp (SAIC) Stake Increased by Trexquant Investment LP

Trexquant Investment LP boosted its stake in Science Applications International Corp (NYSE:SAIC) by 84.3% during the first quarter, Holdings Channel reports. The fund owned 25,800 shares of the information technology services provider’s stock after buying an additional 11,800 shares during the period. Trexquant Investment LP’s holdings in Science Applications International Corp were worth $1,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Science Applications International Corp during the fourth quarter valued at approximately $41,469,000. AQR Capital Management LLC raised its position in shares of Science Applications International Corp by 122.8% in the fourth quarter. AQR Capital Management LLC now owns 502,575 shares of the information technology services provider’s stock valued at $42,618,000 after buying an additional 276,984 shares during the last quarter. Scout Investments Inc. raised its position in shares of Science Applications International Corp by 73.8% in the first quarter. Scout Investments Inc. now owns 401,080 shares of the information technology services provider’s stock valued at $21,394,000 after buying an additional 170,273 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of Science Applications International Corp during the third quarter valued at approximately $9,932,000. Finally, Bank of New York Mellon Corp raised its position in shares of Science Applications International Corp by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 1,073,598 shares of the information technology services provider’s stock valued at $79,877,000 after buying an additional 132,047 shares during the last quarter. Institutional investors own 66.48% of the company’s stock.

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

Shares of Science Applications International Corp (NYSE:SAIC) traded down 0.29% during mid-day trading on Friday, hitting $71.92. The company had a trading volume of 438,997 shares. The firm’s 50 day moving average is $73.04 and its 200-day moving average is $80.77. Science Applications International Corp has a 12-month low of $52.36 and a 12-month high of $89.87. The firm has a market cap of $3.13 billion, a PE ratio of 22.34 and a beta of 1.60.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were paid a $0.31 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 1.72%. Science Applications International Corp’s dividend payout ratio is currently 40.92%.

TRADEMARK VIOLATION WARNING: This article was originally published by Mideast Time and is the sole property of of Mideast Time. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.mideasttime.com/science-applications-international-corp-saic-stake-increased-by-trexquant-investment-lp/1709015.html.

SAIC has been the topic of several recent research reports. Seaport Global Securities initiated coverage on Science Applications International Corp in a report on Thursday, February 16th. They issued a “buy” rating and a $93.00 price target on the stock. Vertical Research initiated coverage on Science Applications International Corp in a report on Thursday, March 16th. They issued a “hold” rating and a $91.00 price target on the stock. Cowen and Company reissued a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corp in a report on Friday, May 5th. Zacks Investment Research downgraded Science Applications International Corp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc cut their price target on Science Applications International Corp from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, April 3rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $86.14.

In other news, insider Nazzic S. Keene sold 8,580 shares of the company’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $72.45, for a total value of $621,621.00. Following the sale, the insider now directly owns 34,826 shares in the company, valued at approximately $2,523,143.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.

About Science Applications International Corp

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.

12 Month Chart for NYSE:SAIC

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Corp (NYSE:SAIC).

Receive News & Ratings for Science Applications International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corp and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.