Mcclain Value Management Lowers stake in Science Applications International Corp (SAIC)

Science Applications International Corp (SAIC) : Mcclain Value Management reduced its stake in Science Applications International Corp by 65.25% during the most recent quarter end. The investment management company now holds a total of 127,172 shares of Science Applications International Corp which is valued at $6,749,018 after selling 238,767 shares in Science Applications International Corp , the firm said in a disclosure report filed with the SEC on May 3, 2016.Science Applications International Corp makes up approximately 5.49% of Mcclain Value Management’s portfolio.

Other Hedge Funds, Including , Glenmede Trust Co Na reduced its stake in SAIC by selling 13,808 shares or 64.83% in the most recent quarter. The Hedge Fund company now holds 7,492 shares of SAIC which is valued at $397,750.Bnp Paribas Arbitrage Sa reduced its stake in SAIC by selling 3,973 shares or 71.02% in the most recent quarter. The Hedge Fund company now holds 1,621 shares of SAIC which is valued at $86,513. Strs Ohio sold out all of its stake in SAIC during the most recent quarter. The investment firm sold 3,300 shares of SAIC which is valued $176,121.

Science Applications International Corp opened for trading at $53 and hit $53.38 on the upside on Tuesday, eventually ending the session at $53.35, with a gain of 0.72% or 0.38 points. The heightened volatility saw the trading volume jump to 1,38,994 shares. Company has a market cap of $2,389 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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