Rhumbline Advisers decreased its stake in Science Applications International Corp (NYSE:SAIC) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,159 shares of the information technology services provider’s stock after selling 2,884 shares during the period. Rhumbline Advisers’ holdings in Science Applications International were worth $5,897,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SAIC. BlackRock Inc. increased its position in Science Applications International by 3.1% in the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock valued at $375,682,000 after acquiring an additional 137,944 shares during the period. FMR LLC increased its position in Science Applications International by 3.1% in the 2nd quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock valued at $159,337,000 after acquiring an additional 58,804 shares during the period. Northern Trust Corp increased its position in Science Applications International by 0.7% in the 2nd quarter. Northern Trust Corp now owns 670,818 shares of the information technology services provider’s stock valued at $54,289,000 after acquiring an additional 4,916 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Science Applications International by 6.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 338,908 shares of the information technology services provider’s stock worth $27,428,000 after buying an additional 21,434 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Science Applications International by 26.6% during the second quarter. Legal & General Group Plc now owns 327,926 shares of the information technology services provider’s stock worth $26,539,000 after buying an additional 68,845 shares during the period. 67.30% of the stock is owned by institutional investors and hedge funds.

SAIC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Science Applications International from a “sell” rating to a “hold” rating in a research report on Wednesday. Cowen reiterated a “hold” rating and set a $82.00 price objective on shares of Science Applications International in a research report on Tuesday, September 11th. Jefferies Financial Group upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, September 25th. Drexel Hamilton upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, September 28th. Finally, ValuEngine cut shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $86.86.

NYSE:SAIC opened at $64.78 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.87 and a beta of 1.49. Science Applications International Corp has a 12 month low of $64.69 and a 12 month high of $93.31.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, September 10th. The information technology services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.14. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.80 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Science Applications International Corp will post 4.51 EPS for the current year.

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Science Applications International Company Profile

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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