Ownership Action To Observe: Institutional Investors Lead Shift in Science Applications International Corp (NYSE:SAIC) Sentiment

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Ownership Action To Observe: Institutional Investors Lead Shift in Science Applications International Corp (NYSE:SAIC) Sentiment

Sentiment for Science Applications International Corp (NYSE:SAIC)

Science Applications International Corp (NYSE:SAIC) institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.51, from 0.95 in 2016Q1. The ratio is positive, as 105 investment professionals started new or increased positions, while 111 cut down and sold their positions in Science Applications International Corp. The investment professionals in our partner’s database now hold: 27.21 million shares, down from 28.21 million shares in 2016Q1. Also, the number of investment professionals holding Science Applications International Corp in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 28 Reduced: 83 Increased: 79 New Position: 26.

Science Applications International Corporation is a well-known provider of technical, engineering and enterprise information technology (IT) services. The company has a market cap of $3.50 billion. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. It has a 28.55 P/E ratio. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

About 154,123 shares traded hands. Science Applications International Corp (NYSE:SAIC) has risen 55.06% since April 28, 2016 and is uptrending. It has outperformed by 49.14% the S&P500.

Analysts await Science Applications International Corp (NYSE:SAIC) to report earnings on December, 8 before the open. They expect $0.84 EPS, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $36.43 million for 24.02 P/E if the $0.84 EPS becomes a reality. After $0.85 actual EPS reported by Science Applications International Corp for the previous quarter, Wall Street now forecasts -1.18% negative EPS growth.

According to Zacks Investment Research, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA.”

Knightsbridge Asset Management Llc holds 5.79% of its portfolio in Science Applications International Corp for 105,625 shares. Mcclain Value Management Llc owns 105,905 shares or 5.26% of their US portfolio. Moreover, Huber Capital Management Llc has 1.49% invested in the company for 620,069 shares. The Connecticut-based Prospector Partners Llc has invested 1.17% in the stock. Crestpoint Capital Management Llc, a Missouri-based fund reported 31,500 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 5 selling transactions for $3.88 million net activity.

Science Applications International Corp (NYSE:SAIC) Ratings Coverage

Ratings analysis reveals 71% of Science Applications International’s analysts are positive. Out of 7 Wall Street analysts rating Science Applications International, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $50 while the high is $68. The stock’s average target of $62.80 is -22.18% below today’s ($80.7) share price. SAIC was included in 15 notes of analysts from July 28, 2015. As per Wednesday, January 20, the company rating was initiated by Jefferies. The stock has “Buy” rating given by Suntrust Robinson on Thursday, December 10. The firm has “Buy” rating given on Thursday, December 10 by SunTrust. The stock has “Outperform” rating given by Wells Fargo on Thursday, January 7. The firm has “Hold” rating by Drexel Hamilton given on Friday, September 9. As per Tuesday, June 14, the company rating was maintained by Citigroup. The rating was downgraded by Citigroup to “Neutral” on Tuesday, November 29. The stock has “Buy” rating given by Jefferies on Wednesday, June 15. The firm has “Buy” rating given on Friday, November 11 by Drexel Hamilton. On Monday, June 13 the stock rating was downgraded by BB&T Capital to “Hold”.

SAIC Company Profile

Science Applications International Corporation (SAIC), incorporated on February 1, 2013, is a well-known provider of technical, engineering and enterprise information technology (IT) services. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.

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By Winifred Garcia

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