Comerica Bank boosted its position in Science Applications International Corporation (NYSE:SAIC) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,824 shares of the information technology services provider’s stock after buying an additional 191 shares during the period. Comerica Bank owned 0.13% of Science Applications International Corporation worth $3,958,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Dorsey Wright & Associates increased its position in Science Applications International Corporation by 2.2% in the first quarter. Dorsey Wright & Associates now owns 5,324 shares of the information technology services provider’s stock worth $396,000 after buying an additional 117 shares during the period. 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 during the period. Advisors Asset Management Inc. increased 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 period. First Trust Advisors LP increased 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 period. Finally, Capital One National Association increased 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 period. Institutional investors and hedge funds own 63.79% of the company’s stock.

Science Applications International Corporation (NYSE:SAIC) opened at 71.87 on Wednesday. The firm has a market capitalization of $3.14 billion, a P/E ratio of 20.01 and a beta of 1.65. The firm has a 50-day moving average price of $70.81 and a 200-day moving average price of $76.12. Science Applications International Corporation has a 52 week low of $63.14 and a 52 week high of $89.87.

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

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SAIC has been the subject of a number of research reports. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wells Fargo & Company restated 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. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, June 1st. Cowen and Company restated 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. Finally, Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.63.

In related news, insider Douglas Martin Wagoner sold 1,524 shares of Science Applications International Corporation stock in a transaction that occurred on Friday, June 23rd. The shares were 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 approximately $7,598,002.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 over the last ninety days. 2.28% of the stock is currently owned by insiders.

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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