BlackRock Inc. boosted its stake in Science Applications International Corp (NYSE:SAIC) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,642,065 shares of the information technology services provider’s stock after purchasing an additional 137,944 shares during the period. BlackRock Inc. owned about 0.11% of Science Applications International worth $375,682,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Squar Milner Financial Services LLC bought a new position in shares of Science Applications International during the second quarter valued at $112,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Science Applications International during the second quarter valued at $201,000. Alambic Investment Management L.P. bought a new position in shares of Science Applications International during the first quarter valued at $205,000. Destination Wealth Management increased its position in shares of Science Applications International by 38.6% during the second quarter. Destination Wealth Management now owns 2,771 shares of the information technology services provider’s stock worth $224,000 after buying an additional 771 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in shares of Science Applications International during the second quarter worth $229,000. 65.01% of the stock is owned by institutional investors and hedge funds.

SAIC opened at $78.38 on Thursday. Science Applications International Corp has a twelve month low of $61.27 and a twelve month high of $93.31. The company has a quick ratio of 1.18, a current ratio of 1.34 and a debt-to-equity ratio of 2.99. The firm has a market cap of $3.81 billion, a PE ratio of 22.23, a PEG ratio of 4.03 and a beta of 1.40.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Science Applications International had a net margin of 3.95% and a return on equity of 56.35%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.80 earnings per share. Science Applications International’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts anticipate that Science Applications International Corp will post 4.46 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Drexel Hamilton cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. They noted that the move was a valuation call. Stifel Nicolaus assumed coverage on shares of Science Applications International in a research report on Friday, May 25th. They set a “hold” rating and a $85.00 price objective for the company. Vertical Research cut shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Tuesday. Finally, Wells Fargo & Co cut shares of Science Applications International from an “outperform” rating to a “market perform” rating and set a $87.00 price objective for the company. in a research report on Thursday, May 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Science Applications International has an average rating of “Hold” and an average target price of $85.29.

In other Science Applications International news, CEO Anthony J. Moraco sold 21,737 shares of the firm’s stock in a transaction on Friday, June 29th. The shares were sold at an average price of $81.32, for a total value of $1,767,652.84. Following the completion of the sale, the chief executive officer now directly owns 61,249 shares in the company, valued at $4,980,768.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 22,322 shares of company stock valued at $1,814,728 over the last 90 days. Corporate insiders own 2.05% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Institutional Ownership by Quarter for Science Applications International (NYSE:SAIC)

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