Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 88.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,977 shares of the information technology services provider’s stock after selling 15,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAIC. Sei Investments Co. lifted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock worth $103,000 after buying an additional 39 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in the first quarter worth about $132,000. Bank of Montreal Can lifted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after buying an additional 1,071 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after buying an additional 47 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in the first quarter worth about $145,000. 64.42% of the stock is owned by hedge funds and other institutional investors.

In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $71.58, for a total value of $109,087.92. Following the transaction, the insider now directly owns 106,147 shares of the company’s stock, valued at approximately $7,598,002.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 35,072 shares of company stock worth $2,427,610 over the last three months. Corporate insiders own 2.28% of the company’s stock.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 65.18 on Thursday. The stock has a market capitalization of $2.82 billion, a P/E ratio of 18.21 and a beta of 1.64. The firm’s 50-day moving average price is $69.46 and its 200-day moving average price is $73.82. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12 month low of $60.21 and a 12 month high of $89.87.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $0.85 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.61 EPS for the current year.

A number of equities research analysts recently commented on SAIC shares. Zacks Investment Research upgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, June 1st. Cowen and Company reiterated a “hold” rating and issued a $75.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, September 8th. BidaskClub downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Seaport Global Securities reiterated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, September 8th. Finally, ValuEngine downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION currently has a consensus rating of “Hold” and a consensus price target of $80.00.

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SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Company Profile

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.

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

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