TIAA CREF Investment Management LLC increased its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 170,631 shares of the company’s stock after buying an additional 14,514 shares during the period. TIAA CREF Investment Management LLC’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $11,837,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SAIC. Nationwide Fund Advisors increased its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 5.5% in the third quarter. Nationwide Fund Advisors now owns 103,334 shares of the company’s stock valued at $7,168,000 after buying an additional 5,390 shares during the last quarter. Bank of New York Mellon Corp increased its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,116,281 shares of the company’s stock valued at $77,437,000 after buying an additional 45,263 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 3.3% in the third quarter. UBS Asset Management Americas Inc. now owns 33,743 shares of the company’s stock valued at $2,341,000 after buying an additional 1,089 shares during the last quarter. Prudential Financial Inc. increased its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 42.7% in the third quarter. Prudential Financial Inc. now owns 295,390 shares of the company’s stock valued at $20,492,000 after buying an additional 88,461 shares during the last quarter. Finally, BlackRock Investment Management LLC increased its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 3.0% in the third quarter. BlackRock Investment Management LLC now owns 268,282 shares of the company’s stock valued at $18,611,000 after buying an additional 7,776 shares during the last quarter. 64.40% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) opened at 84.81 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12 month low of $39.76 and a 12 month high of $89.25. The firm has a 50-day moving average of $84.36 and a 200-day moving average of $70.56. The company has a market capitalization of $3.72 billion, a P/E ratio of 28.03 and a beta of 1.62.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last posted its quarterly earnings results on Thursday, December 8th. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.11% and a return on equity of 41.65%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. On average, equities analysts predict that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, January 11th. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s payout ratio is presently 40.92%.

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Several research firms have recently commented on SAIC. Zacks Investment Research raised shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Saturday, December 10th. Drexel Hamilton raised shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday, November 11th. Finally, Citigroup Inc. downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION presently has a consensus rating of “Buy” and a consensus price target of $82.20.

In related news, insider Nazzic S. Keene sold 10,494 shares of the company’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $84.00, for a total value of $881,496.00. Following the completion of the sale, the insider now directly owns 19,383 shares of the company’s stock, valued at $1,628,172. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward J. Sanderson, Jr. sold 3,600 shares of the company’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $84.61, for a total transaction of $304,596.00. Following the completion of the sale, the director now directly owns 17,080 shares of the company’s stock, valued at $1,445,138.80. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by insiders.

About SCIENCE APPLICATIONS INTERNATIONAL CORPORATION

Science Applications International Corporation (SAIC) 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.

5 Day Chart for NYSE:SAIC

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