Louisiana State Employees Retirement System increased its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,400 shares of the information technology services provider’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Science Applications International Corporation were worth $791,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SAIC. Vanguard Group Inc. boosted its position in shares of Science Applications International Corporation by 11.3% in the first quarter. Vanguard Group Inc. now owns 4,846,874 shares of the information technology services provider’s stock valued at $360,608,000 after buying an additional 490,948 shares during the period. BlackRock Inc. boosted its position in shares of Science Applications International Corporation by 21,454.1% in the first quarter. BlackRock Inc. now owns 4,403,288 shares of the information technology services provider’s stock valued at $327,604,000 after buying an additional 4,382,859 shares during the period. State Street Corp boosted its position in shares of Science Applications International Corporation by 0.8% in the first quarter. State Street Corp now owns 1,434,399 shares of the information technology services provider’s stock valued at $106,719,000 after buying an additional 10,711 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Science Applications International Corporation by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 1,073,598 shares of the information technology services provider’s stock valued at $79,877,000 after buying an additional 132,047 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Science Applications International Corporation by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 928,036 shares of the information technology services provider’s stock valued at $69,045,000 after buying an additional 489,349 shares during the period. Institutional investors own 68.24% of the company’s stock.

Science Applications International Corporation (NYSE SAIC) traded up 2.51% during trading on Thursday, reaching $71.89. The company had a trading volume of 77,830 shares. The firm’s 50-day moving average price is $71.05 and its 200 day moving average price is $77.55. Science Applications International Corporation has a one year low of $59.68 and a one year high of $89.87. The firm has a market capitalization of $3.14 billion, a P/E ratio of 20.02 and a beta of 1.65.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the firm earned $0.80 EPS. Science Applications International Corporation’s revenue for the quarter was down 9.2% compared to the same quarter last year. Equities analysts forecast that Science Applications International Corporation will post $3.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 14th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.77%. Science Applications International Corporation’s dividend payout ratio is presently 34.54%.

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Several equities analysts have recently weighed in on SAIC shares. BidaskClub cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company reiterated a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corporation in a research report on Monday, May 15th. Jefferies Group LLC cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Science Applications International Corporation currently has a consensus rating of “Hold” and a consensus target price of $81.63.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, the insider now directly owns 106,147 shares of the company’s stock, valued at $7,598,002.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 44,472 shares of company stock worth $3,119,732. Insiders own 2.28% of the company’s stock.

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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