Foundry Partners LLC increased its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 16.5% during the second quarter, Holdings Channel reports. The firm owned 111,492 shares of the information technology services provider’s stock after buying an additional 15,778 shares during the period. Foundry Partners LLC’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $7,740,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,846,874 shares of the information technology services provider’s stock valued at $360,608,000 after buying an additional 490,948 shares during the period. BlackRock Inc. boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 21,454.1% in the first quarter. BlackRock Inc. now owns 4,403,288 shares of the information technology services provider’s stock valued at $327,604,000 after buying an additional 4,382,859 shares during the period. State Street Corp boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.8% in the first quarter. State Street Corp now owns 1,434,399 shares of the information technology services provider’s stock valued at $106,719,000 after buying an additional 10,711 shares during the period. Bank of New York Mellon Corp boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 1,073,598 shares of the information technology services provider’s stock valued at $79,877,000 after buying an additional 132,047 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 928,036 shares of the information technology services provider’s stock valued at $69,045,000 after buying an additional 489,349 shares during the period. 68.40% of the stock is owned by hedge funds and other institutional investors.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 69.30 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 1-year low of $60.34 and a 1-year high of $89.87. The firm has a 50-day moving average price of $70.64 and a 200 day moving average price of $76.94. The company has a market cap of $3.03 billion, a price-to-earnings ratio of 19.30 and a beta of 1.65.

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, beating analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 47.08% and a net margin of 3.78%. The company’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. On average, analysts predict that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current fiscal year.

The business also recently declared 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 dividend on an annualized basis and a yield of 1.79%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio (DPR) is currently 34.54%.

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SAIC has been the subject of several recent research reports. BidaskClub cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company reissued a “hold” rating and set a $75.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Monday, May 15th. Jefferies Group LLC cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $75.00 price target (down from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Tuesday, June 13th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $81.63.

In other news, insider Douglas Martin Wagoner sold 30,072 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $68.95, for a total value of $2,073,464.40. Following the transaction, the insider now owns 8,859 shares in the company, valued at approximately $610,828.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 44,472 shares of company stock valued at $3,119,732 in the last quarter. Company 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.

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

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