Shell Asset Management Co. maintained its position in Science Applications International Corporation (NYSE:SAIC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,995 shares of the information technology services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Science Applications International Corporation were worth $1,041,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Tyers Asset Management LLC boosted 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 worth $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. boosted 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 acquired a new position in shares of Science Applications International Corporation during the first quarter worth about $132,000. Elkfork Partners LLC boosted 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 worth $139,000 after buying an additional 198 shares in the last quarter. Finally, Bank of Montreal Can boosted 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. Institutional investors and hedge funds own 68.40% of the company’s stock.

Shares of Science Applications International Corporation (NYSE:SAIC) opened at 71.44 on Tuesday. The stock’s 50 day moving average price is $71.05 and its 200-day moving average price is $77.55. Science Applications International Corporation has a 12-month low of $59.88 and a 12-month high of $89.87. The company has a market cap of $3.12 billion, a PE ratio of 19.89 and a beta of 1.65.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 1.74%. Science Applications International Corporation’s dividend payout ratio is 34.54%.

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A number of brokerages have issued reports on SAIC. Zacks Investment Research raised shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, June 1st. ValuEngine cut shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Cowen and Company reissued a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a report on Friday, May 5th. Wells Fargo & Company reissued 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. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a report on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the company’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 $7,598,002.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 44,472 shares of company stock worth $3,119,732 over the last ninety days. Insiders own 2.28% of the company’s stock.

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.

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

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