Thrivent Financial For Lutherans grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 7.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,874 shares of the information technology services provider’s stock after purchasing an additional 620 shares during the period. Thrivent Financial For Lutherans’ holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $616,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% in the second quarter. Comerica Bank now owns 56,824 shares of the information technology services provider’s stock valued at $3,958,000 after purchasing an additional 191 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 80.7% in the second quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock valued at $37,788,000 after purchasing an additional 243,080 shares in the last quarter. Smith Asset Management Group LP lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.7% in the second quarter. Smith Asset Management Group LP now owns 45,653 shares of the information technology services provider’s stock valued at $3,169,000 after purchasing an additional 330 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.8% in the first quarter. Principal Financial Group Inc. now owns 194,988 shares of the information technology services provider’s stock valued at $14,508,000 after purchasing an additional 1,571 shares in the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 35.1% in the second quarter. Sandy Spring Bank now owns 27,722 shares of the information technology services provider’s stock valued at $1,925,000 after purchasing an additional 7,209 shares in the last quarter. Institutional investors own 64.42% of the company’s stock.

A number of analysts have recently commented on SAIC shares. Jefferies Group LLC restated a “hold” rating and issued a $66.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, July 14th. BidaskClub lowered SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Cowen and Company reiterated a “hold” rating and set a $75.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, September 8th. Finally, Seaport Global Securities reiterated 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, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $80.63.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) opened at 68.95 on Friday. The company’s 50-day moving average price is $67.90 and its 200 day moving average price is $71.53. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 19.26 and a beta of 1.60.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last posted its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $0.85 EPS. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts predict that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio is currently 34.64%.

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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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