It is trading at $71.45 which is slightly above $67.37, the 50 day moving average and which is a tad above the 200 day moving average of $71.15. The 50 day moving average went up $4.08 or +6.06% and the 200 day average moved up $0.30. (NYSE:SAIC) shares saw light trading volume with 263K shares changing hands by the end of trading on Tuesday. Overall, volume was down 44.47% under the stocks normal daily volume.
Investors are more bearish on SCIENCE APPLICATIONS INTERNATIO if you consider the rise in short interest. The company saw a rise in short interest of 0.43% as of the latest report on September 29, 2017. Short shares increased from 984,318 to 988,512 over that timeframe. With short interest at 988,512 and short average daily volume at 353,928, the short-interest ratio is 3.0 and the short interest percentage is 0.02% as of September 29.
These funds have shifted positions in (SAIC). Meeder Asset Management Inc cut its ownership by selling 652 shares a decrease of 50.7%. Meeder Asset Management Inc controls 635 shares worth $42,000. The total value of its holdings decreased 52.8%. As of the end of the quarter Mutual Of America Capital Management LLC had bought 29,092 shares growing its holdings by 40.1%. The value of the investment in (SAIC) went from $5,034,000 to $6,792,000 a change of 34.9% since the last quarter.
Shell Asset Management CO divested its holdings by shedding 300 shares a decrease of 2.0% in the quarter. Shell Asset Management CO owns 14,695 shares with a value of $982,000. The value of the position overall is down by 5.7%. State Treasurer State Of Michigan trimmed its position by selling 1,500 shares a decrease of 8.3% from 06/30/2017 to 09/30/2017. State Treasurer State Of Michigan claims 16,485 shares valued at $1,102,000. The value of the position overall is down by 11.8%.
On July 17, 2017 the stock rating was set at “Hold” according to a Jefferies report down from the previous “Buy” rating. On October 23 the company was upgraded from “Neutral” to “Buy” in a statement from Citigroup.
The company is now up by 0.80% percent from yesterday’s close. Additionally SCIENCE APPLICATIONS INTERNATIO recently declared a dividend for shareholders payable on Friday October 27th, 2017. The dividend will be $0.310 per share for the quarter which comes to $1.24 on an annualized basis. This dividend represents a yield of $1.75 which is the dividend as a percentage of the current share price. The ex-dividend date will be Thursday October 12th, 2017.
The company’s P/E ratio is 19.96 and market cap is 3.09B. In the last earnings report the EPS was $3.58 and is estimated to be $3.59 for the current year with 43,240,000 shares presently outstanding. Next quarter’s EPS is expected be $0.83 with next year’s EPS projected to be $3.87.
Science Applications International Corporation (SAIC), launched on February 1, 2013, 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. The Company 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..