First Trust Advisors LP cut its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 143,838 shares of the information technology services provider’s stock after selling 9,993 shares during the period. First Trust Advisors LP owned about 0.33% of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION worth $9,985,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 7.0% in the first quarter. Advisors Asset Management Inc. now owns 9,154 shares of the information technology services provider’s stock worth $681,000 after buying an additional 600 shares in the last quarter. Capital One National Association boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 4.1% in the first quarter. Capital One National Association now owns 16,733 shares of the information technology services provider’s stock worth $1,245,000 after buying an additional 661 shares in the last quarter. Chicago Equity Partners LLC boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 17.3% in the first quarter. Chicago Equity Partners LLC now owns 55,970 shares of the information technology services provider’s stock worth $4,164,000 after buying an additional 8,270 shares in the last quarter. 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. Finally, Great West Life Assurance Co. Can boosted its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 1.9% in the first quarter. Great West Life Assurance Co. Can now owns 25,975 shares of the information technology services provider’s stock worth $1,931,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 66.00% of the company’s stock.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 71.42 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $63.19 and a 12-month high of $89.87. The stock’s 50 day moving average is $70.81 and its 200-day moving average is $76.12. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 19.89 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 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts anticipate that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current fiscal year.

The company also recently announced 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 annualized dividend and a yield of 1.74%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio is currently 34.54%.

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SAIC has been the subject of a number of research analyst reports. Cowen and Company restated a “hold” rating and set a $75.00 price objective on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, May 5th. Zacks Investment Research upgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, June 1st. Wells Fargo & Company restated a “market perform” rating and set a $75.00 price objective (down from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Tuesday, June 13th. ValuEngine cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $66.00 price objective on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.63.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was 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 of the company’s stock, valued at $610,828.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 44,472 shares of company stock valued at $3,119,732 in the last ninety days. Company insiders own 2.28% of the company’s stock.

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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