Allianz Asset Management GmbH Acquires 160,724 Shares of Science Applications International Corp (NYSE:SAIC) – TechNewsObserver


Allianz Asset Management GmbH raised its holdings in Science Applications International Corp (NYSE:SAIC) by 127.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 286,880 shares of the information technology services provider’s stock after acquiring an additional 160,724 shares during the quarter. Allianz Asset Management GmbH owned about 0.48% of Science Applications International worth $24,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position 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 in the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Science Applications International during the second quarter worth $30,000. Advisory Services Network LLC boosted its position 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 worth $43,000 after purchasing an additional 176 shares in the last quarter. Royce & Associates LP boosted its position 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 worth $54,000 after purchasing an additional 133 shares in the last quarter. Finally, Advisor Group Inc. boosted its position 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 worth $126,000 after purchasing an additional 505 shares in the last quarter. 76.89% of the stock is currently owned by institutional investors.

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SAIC opened at $88.01 on Friday. The stock has a market capitalization of $5.14 billion, a P/E ratio of 17.46, a P/E/G ratio of 2.81 and a beta of 1.39. Science Applications International Corp has a 12 month low of $58.19 and a 12 month high of $93.31. The firm’s fifty day simple moving average is $84.61 and its 200 day simple moving average is $79.46. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.29.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, beating the consensus estimate of $1.21 by $0.15. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a net margin of 2.80% and a return on equity of 25.89%. The firm’s revenue was up 37.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.23 EPS. On average, equities research analysts predict that Science Applications International Corp will post 5.49 EPS for the current fiscal year.

In related news, CEO Anthony J. Moraco sold 14,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $85.65, for a total value of $1,199,100.00. Following the sale, the chief executive officer now directly owns 65,798 shares of the company’s stock, valued at approximately $5,635,598.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anthony J. Moraco sold 12,694 shares of Science Applications International stock in a transaction on Friday, June 14th. The shares were sold at an average price of $85.87, for a total transaction of $1,090,033.78. Following the completion of the sale, the chief executive officer now owns 47,661 shares in the company, valued at $4,092,650.07. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.

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A number of brokerages have recently weighed in on SAIC. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, May 17th. Wells Fargo & Co reissued a “buy” rating on shares of Science Applications International in a research report on Friday, June 7th. Morgan Stanley reissued a “buy” rating and set a $96.00 price target on shares of Science Applications International in a research report on Wednesday, June 12th. SunTrust Banks lifted their price target on shares of Science Applications International from $100.00 to $130.00 and gave the stock an “average” rating in a research report on Friday, June 7th. They noted that the move was a valuation call. Finally, Goldman Sachs Group began coverage on shares of Science Applications International in a research report on Thursday, May 9th. They set a “neutral” rating and a $77.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $95.00.

Science Applications International 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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