BlueMountain Capital Management LLC boosted its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 203.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,938 shares of the information technology services provider’s stock after purchasing an additional 45,571 shares during the quarter. BlueMountain Capital Management LLC owned about 0.16% of Science Applications International Corporation worth $4,716,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Amalgamated Bank boosted its position in Science Applications International Corporation by 7.9% during the second quarter. Amalgamated Bank now owns 6,311 shares of the information technology services provider’s stock worth $438,000 after purchasing an additional 460 shares during the period. BlackRock Inc. boosted its position in Science Applications International Corporation by 1.4% during the second quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock worth $309,855,000 after purchasing an additional 60,206 shares during the period. Bahl & Gaynor Inc. bought a new stake in Science Applications International Corporation during the second quarter worth approximately $730,000. Riverhead Capital Management LLC boosted its position in Science Applications International Corporation by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 930 shares during the period. Finally, Capital Fund Management S.A. boosted its position in Science Applications International Corporation by 1,081.3% during the second quarter. Capital Fund Management S.A. now owns 118,003 shares of the information technology services provider’s stock worth $8,192,000 after purchasing an additional 108,014 shares during the period. 63.79% of the stock is owned by hedge funds and other institutional investors.

In other Science Applications International Corporation 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 transaction of $2,073,464.40. Following the transaction, the insider now owns 8,859 shares of the company’s stock, valued at approximately $610,828.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 35,072 shares of company stock worth $2,427,610 in the last ninety days. Insiders own 2.28% of the company’s stock.

A number of brokerages have issued reports on SAIC. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a research report on Friday, September 8th. Cowen and Company reaffirmed a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, September 8th. Zacks Investment Research cut Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. BidaskClub cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $80.00.

Shares of Science Applications International Corporation (NYSE SAIC) traded up 2.91% during midday trading on Friday, reaching $63.28. The company’s stock had a trading volume of 956,982 shares. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 17.62 and a beta of 1.64. Science Applications International Corporation has a 12 month low of $60.21 and a 12 month high of $89.87. The company has a 50-day moving average price of $69.85 and a 200-day moving average price of $74.37.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Equities analysts expect that Science Applications International Corporation will post $3.64 earnings per share for the current year.

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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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