Freestone Capital Holdings Lowers stake in Science Applications International Corp (SAIC)

Science Applications International Corp (SAIC) : Freestone Capital Holdings reduced its stake in Science Applications International Corp by 7.07% during the most recent quarter end. The investment management company now holds a total of 363,207 shares of Science Applications International Corp which is valued at $19.1 Million after selling 27,615 shares in Science Applications International Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Science Applications International Corp makes up approximately 2.05% of Freestone Capital Holdings’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in SAIC by selling 675 shares or 75.0% in the most recent quarter. The Hedge Fund company now holds 225 shares of SAIC which is valued at $11,826.Gsa Capital Partners Llp reduced its stake in SAIC by selling 4,619 shares or 13.25% in the most recent quarter. The Hedge Fund company now holds 30,243 shares of SAIC which is valued at $1.6 Million. Science Applications International Corp makes up approx 0.10% of Gsa Capital Partners Llp’s portfolio. Hillsdale Investment Management sold out all of its stake in SAIC during the most recent quarter. The investment firm sold 1,300 shares of SAIC which is valued $68,328.Schwab Charles Investment Management Inc boosted its stake in SAIC in the latest quarter, The investment management firm added 9,733 additional shares and now holds a total of 245,439 shares of Science Applications International Corp which is valued at $13 Million. Science Applications International Corp makes up approx 0.02% of Schwab Charles Investment Management Inc’s portfolio.

Science Applications International Corp opened for trading at $52.44 and hit $53.33 on the upside on Friday, eventually ending the session at $53.3, with a gain of 2.26% or 1.18 points. The heightened volatility saw the trading volume jump to 2,50,227 shares. Company has a market cap of $2,409,746 M.

On the company’s financial health, Science Applications International Corp reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Mar 29, 2016. Analyst had a consensus of $0.61. The company had revenue of $1071.00 million for the quarter, compared to analysts expectations of $1088.29 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Science Applications International Corporation (SAIC) is a technology integrator. The Company provides life cycle services and solutions in the technical engineering intelligence and enterprise information technology (IT) markets. It provides services to the United States Government including the Department of Defense (DoD) and federal civilian agencies. It provides systems engineering and integration services for projects and offers services with an emphasis on differentiated technology services. SAIC offers products to four branches of the United States military; United States Defense Logistics Agency; National Aeronautics and Space Administration; United States Department of State and United States Department of Homeland Security. SAIC’s offerings include engineering and maintenance of ground and maritime systems logistics training and simulation and services spanning the design development integration deployment management and operations sustainment and security.

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