Glassman Wealth Services Lowers stake in Science Applications International Corp (SAIC)

Science Applications International Corp (SAIC) : Glassman Wealth Services reduced its stake in Science Applications International Corp by 14.24% during the most recent quarter end. The investment management company now holds a total of 4,362 shares of Science Applications International Corp which is valued at $229,267 after selling 724 shares in Science Applications International Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Science Applications International Corp makes up approximately 0.21% of Glassman Wealth Services’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in SAIC in the latest quarter, The investment management firm added 201,377 additional shares and now holds a total of 3,292,708 shares of Science Applications International Corp which is valued at $173.1 Million. Science Applications International Corp makes up approx 0.01% of Vanguard Group Inc’s portfolio.Sg Americas Securities boosted its stake in SAIC in the latest quarter, The investment management firm added 2,618 additional shares and now holds a total of 15,887 shares of Science Applications International Corp which is valued at $835,021. Science Applications International Corp makes up approx 0.01% of Sg Americas Securities’s portfolio. Timessquare Capital Management added SAIC to its portfolio by purchasing 875,000 company shares during the most recent quarter which is valued at $46 Million. Science Applications International Corp makes up approx 0.30% of Timessquare Capital Management’s portfolio.Manufacturers Life Insurance Company The boosted its stake in SAIC in the latest quarter, The investment management firm added 894 additional shares and now holds a total of 83,808 shares of Science Applications International Corp which is valued at $4.4 Million. Science Applications International Corp makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio. Numeric Investors added SAIC to its portfolio by purchasing 24,900 company shares during the most recent quarter which is valued at $1.3 Million. Science Applications International Corp makes up approx 0.01% of Numeric Investors’s portfolio.

Science Applications International Corp closed down -0.8 points or -1.47% at $53.7 with 2,27,263 shares getting traded on Wednesday. Post opening the session at $54.56, the shares hit an intraday low of $53.68 and an intraday high of $54.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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