New Mexico Educational Retirement Board Sells 1,500 Shares of Science Applications International Corp (NYSE:SAIC)

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New Mexico Educational Retirement Board lessened its holdings in shares of Science Applications International Corp (NYSE:SAIC) by 14.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,800 shares of the information technology services provider’s stock after selling 1,500 shares during the period. New Mexico Educational Retirement Board’s holdings in Science Applications International were worth $762,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Science Applications International by 6,740.0% during the first quarter. Parkside Financial Bank & Trust now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 337 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in shares of Science Applications International during the second quarter valued at $30,000. Advisory Services Network LLC lifted its stake in shares of Science Applications International by 54.5% during the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock valued at $43,000 after acquiring an additional 176 shares during the period. Royce & Associates LP lifted its stake in shares of Science Applications International by 23.6% during the first quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock valued at $54,000 after acquiring an additional 133 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of Science Applications International by 53.0% during the second quarter. Advisor Group Inc. now owns 1,457 shares of the information technology services provider’s stock valued at $126,000 after acquiring an additional 505 shares during the period. Institutional investors own 76.89% of the company’s stock.

NYSE:SAIC traded down $0.22 during mid-day trading on Wednesday, hitting $84.47. The company had a trading volume of 16,659 shares, compared to its average volume of 286,621. Science Applications International Corp has a fifty-two week low of $58.19 and a fifty-two week high of $93.31. The business’s fifty day moving average is $84.65 and its two-hundred day moving average is $79.23. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.18 and a current ratio of 1.30. The firm has a market cap of $5.00 billion, a P/E ratio of 16.76, a P/E/G ratio of 2.76 and a beta of 1.39.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.15. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. Equities analysts forecast that Science Applications International Corp will post 5.49 earnings per share for the current year.

Several equities analysts have recently issued reports on the company. TheStreet raised Science Applications International from a “c+” rating to a “b+” rating in a research note on Thursday, June 6th. SunTrust Banks upped their price target on Science Applications International from $100.00 to $130.00 and gave the company an “average” rating in a research note on Friday, June 7th. They noted that the move was a valuation call. Goldman Sachs Group assumed coverage on Science Applications International in a research note on Thursday, May 9th. They set a “neutral” rating and a $77.00 price target on the stock. Morgan Stanley reaffirmed a “buy” rating and set a $96.00 price target on shares of Science Applications International in a research note on Wednesday, June 12th. Finally, ValuEngine raised Science Applications International from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $95.00.

In related news, CEO Anthony J. Moraco sold 12,694 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $85.87, for a total transaction of $1,090,033.78. Following the completion of the transaction, the chief executive officer now directly owns 47,661 shares in the company, valued at $4,092,650.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Anthony J. Moraco sold 14,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $85.65, for a total value of $1,199,100.00. Following the transaction, the chief executive officer now owns 65,798 shares of the company’s stock, valued at $5,635,598.70. The disclosure for this sale can be found here. 1.64% of the stock is owned by corporate insiders.

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

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