Foundry Partners LLC cut its stake in shares of Science Applications International Corp. (NYSE:SAIC) by 24.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,555 shares of the company’s stock after selling 28,866 shares during the period. Foundry Partners LLC owned 0.20% of Science Applications International Corp. worth $6,212,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Dowling & Yahnke LLC increased its stake in shares of Science Applications International Corp. by 6.2% in the second quarter. Dowling & Yahnke LLC now owns 22,041 shares of the company’s stock valued at $1,286,000 after buying an additional 1,281 shares during the period. CrestPoint Capital Management LLC increased its stake in shares of Science Applications International Corp. by 3.6% in the second quarter. CrestPoint Capital Management LLC now owns 31,500 shares of the company’s stock valued at $1,838,000 after buying an additional 1,100 shares during the period. Eqis Capital Management Inc. bought a new stake in shares of Science Applications International Corp. during the second quarter valued at about $421,000. Ronna Sue Cohen increased its stake in shares of Science Applications International Corp. by 0.6% in the second quarter. Ronna Sue Cohen now owns 5,677 shares of the company’s stock valued at $331,000 after buying an additional 33 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Science Applications International Corp. by 1,180.6% in the second quarter. BNP Paribas Arbitrage SA now owns 20,759 shares of the company’s stock valued at $1,211,000 after buying an additional 19,138 shares during the period. Institutional investors and hedge funds own 64.47% of the company’s stock.

Institutional Ownership by Quarter for Science Applications International Corp. (NYSE:SAIC)

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 79.49 on Friday. The firm’s 50 day moving average is $69.47 and its 200-day moving average is $61.72. Science Applications International Corp. has a 1-year low of $39.76 and a 1-year high of $79.89. The company has a market cap of $3.52 billion, a PE ratio of 28.00 and a beta of 1.53.

Science Applications International Corp. (NYSE:SAIC) last released its earnings results on Thursday, September 8th. The company reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.06. The firm had revenue of $1.10 billion for the quarter. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Equities analysts expect that Science Applications International Corp. will post $3.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Wednesday, October 12th. Science Applications International Corp.’s payout ratio is 43.66%.

SAIC has been the topic of several recent research reports. Zacks Investment Research raised shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, September 21st. Drexel Hamilton raised shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Friday, November 11th. Jefferies Group raised their target price on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, September 12th. Citigroup Inc. raised their target price on shares of Science Applications International Corp. from $67.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Finally, Cowen and Company cut shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $64.00 to $71.00 in a report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $74.83.

In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 2,300 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.68, for a total value of $160,264.00. Following the sale, the insider now directly owns 30,916 shares in the company, valued at approximately $2,154,226.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maria M. Bishop sold 2,160 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.65, for a total transaction of $150,444.00. Following the completion of the sale, the chief financial officer now owns 11,569 shares in the company, valued at $805,780.85. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.

About Science Applications International Corp.

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.

5 Day Chart for NYSE:SAIC

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