Strs Ohio cut its stake in Science Applications International Corporation (NYSE:SAIC) by 16.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the information technology services provider’s stock after selling 1,000 shares during the period. Strs Ohio’s holdings in Science Applications International Corporation were worth $340,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SAIC. Tyers Asset Management LLC increased its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. increased 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 valued at $103,000 after buying an additional 39 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Science Applications International Corporation during the first quarter valued at $132,000. Bank of Montreal Can increased 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 valued at $132,000 after buying an additional 1,071 shares in the last quarter. Finally, Elkfork Partners LLC increased its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after buying an additional 198 shares in the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.

Science Applications International Corporation (NYSE:SAIC) opened at 73.02 on Thursday. Science Applications International Corporation has a 12-month low of $63.14 and a 12-month high of $89.87. The company has a market cap of $3.19 billion, a P/E ratio of 20.33 and a beta of 1.65. The firm’s 50 day moving average is $70.81 and its 200 day moving average is $76.12.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Corporation will post $3.79 EPS for the current fiscal year.

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Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. BidaskClub downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. ValuEngine downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $75.00 target price (down previously from $80.00) on shares of Science Applications International Corporation in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, 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 through the SEC website. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 over the last ninety days. 2.28% of the stock is owned by corporate insiders.

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.

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

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