Arizona State Retirement System increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,400 shares of the information technology services provider’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $1,277,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SAIC. Elkfork Partners LLC increased 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. Advisors Asset Management Inc. raised 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 during the last quarter. First Trust Advisors LP raised its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 17.6% in the first quarter. First Trust Advisors LP now owns 153,831 shares of the information technology services provider’s stock worth $11,445,000 after buying an additional 23,013 shares during the last quarter. Capital One National Association raised 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 during the last quarter. Finally, Chicago Equity Partners LLC raised 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 during the last quarter. Institutional investors own 63.79% of the company’s stock.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 71.42 on Monday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 52-week low of $63.14 and a 52-week high of $89.87. The firm has a 50-day moving average of $70.81 and a 200 day moving average of $76.12. The firm has a market capitalization 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 quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the business posted $0.80 EPS. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. Analysts predict that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current year.

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A number of research firms recently issued reports on SAIC. Zacks Investment Research upgraded shares of 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. ValuEngine lowered shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Cowen and Company reiterated a “hold” rating and issued a $75.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday, May 5th. Wells Fargo & Company reiterated a “market perform” rating and issued a $75.00 target price (down from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated 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. One investment 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 has an average rating of “Hold” and an average price target of $81.63.

In related news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $71.58, for a total value of $109,087.92. Following the sale, the insider now directly owns 106,147 shares in the company, valued at approximately $7,598,002.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 44,472 shares of company stock worth $3,119,732 over the last 90 days. 2.28% of the stock is currently owned by company 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.

Institutional Ownership by Quarter for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)

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