Smith Asset Management Group LP boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 45,653 shares of the information technology services provider’s stock after buying an additional 330 shares during the period. Smith Asset Management Group LP’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $3,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tyers Asset Management LLC boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock worth $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock worth $103,000 after buying an additional 39 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the first quarter worth approximately $132,000. Elkfork Partners LLC boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock worth $139,000 after buying an additional 198 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after buying an additional 1,071 shares in the last quarter. 68.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 69.30 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 52-week low of $60.34 and a 52-week high of $89.87. The firm’s 50-day moving average is $70.64 and its 200 day moving average is $76.94. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 19.30 and a beta of 1.65.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last posted its earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.78% and a return on equity of 47.08%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were paid 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 dividend yield of 1.79%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio is presently 34.54%.

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A number of research firms recently commented on SAIC. Jefferies Group LLC reissued a “hold” rating and issued a $66.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday, July 14th. BidaskClub cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, June 1st. Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 target price (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Tuesday, June 13th. Finally, ValuEngine cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $81.63.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION 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 directly owns 8,859 shares of the company’s stock, valued at approximately $610,828.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 44,472 shares of company stock valued at $3,119,732. 2.28% of the stock is owned by corporate insiders.

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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