Keybank National Association OH trimmed its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,445 shares of the information technology services provider’s stock after selling 475 shares during the period. Keybank National Association OH’s holdings in Science Applications International Corporation were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ronna Sue Cohen lifted its holdings in Science Applications International Corporation by 0.4% during the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after purchasing an additional 21 shares in the last quarter. Sei Investments Co. lifted its holdings in Science Applications International Corporation by 2.9% during the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 39 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Science Applications International Corporation by 2.5% during the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after purchasing an additional 47 shares in the last quarter. Creative Planning lifted its holdings in Science Applications International Corporation by 0.3% during the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after purchasing an additional 51 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in Science Applications International Corporation by 0.5% during the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after purchasing an additional 100 shares in the last quarter. 63.79% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on SAIC. ValuEngine downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $75.00 price objective (down from $80.00) on shares of Science Applications International Corporation in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, June 1st. Cowen and Company reaffirmed a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a report on Friday. Finally, 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $80.00.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total value of $2,073,464.40. Following the sale, the insider now directly owns 8,859 shares in the company, valued at approximately $610,828.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 44,472 shares of company stock worth $3,119,732 over the last quarter. Insiders own 2.28% of the company’s stock.

Shares of Science Applications International Corporation (NYSE SAIC) opened at 61.06 on Monday. Science Applications International Corporation has a 12 month low of $60.81 and a 12 month high of $89.87. The stock has a 50 day moving average of $71.09 and a 200-day moving average of $75.32. The firm has a market capitalization of $2.67 billion, a PE ratio of 17.00 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last issued its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Science Applications International Corporation’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts anticipate that Science Applications International Corporation will post $3.79 EPS for the current fiscal year.

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Science Applications International Corporation 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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