Ken Stern & Associates Inc. continued to hold its stake in Science Applications International Corporation (NYSE:SAIC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,865 shares of the information technology services provider’s stock at the end of the second quarter. Ken Stern & Associates Inc.’s holdings in Science Applications International Corporation were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SAIC. Tyers Asset Management LLC grew its position in shares of Science Applications International Corporation by 11.8% in the 1st quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 144 shares during the period. Sei Investments Co. grew its position in shares of Science Applications International Corporation by 2.9% in the 1st quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 39 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Science Applications International Corporation in the 1st quarter valued at about $132,000. Bank of Montreal Can grew its position in shares of Science Applications International Corporation by 128.3% in the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after acquiring an additional 1,071 shares during the period. Finally, Elkfork Partners LLC grew its position in shares of Science Applications International Corporation by 11.8% in the 1st quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after acquiring an additional 198 shares during the period. 63.79% of the stock is owned by institutional investors.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total transaction of $2,073,464.40. Following the completion of the transaction, the insider now owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have sold 35,072 shares of company stock valued at $2,427,610. 2.28% of the stock is owned by company insiders.

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Several analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a report on Friday, July 14th. 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 target price (down previously from $80.00) on shares of Science Applications International Corporation in a report on Tuesday, June 13th. 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. Finally, 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 report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $80.00.

Shares of Science Applications International Corporation (NYSE SAIC) traded up 2.91% during mid-day trading on Friday, hitting $63.28. 956,982 shares of the company traded hands. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 17.62 and a beta of 1.64. The firm has a 50-day moving average of $69.85 and a 200-day moving average of $74.37. Science Applications International Corporation has a one year low of $60.21 and a one year high of $89.87.

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 the consensus estimate of $1.08 billion. Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. Science Applications International Corporation’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, equities analysts predict that Science Applications International Corporation will post $3.64 earnings per share for the current year.

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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