Rhumbline Advisers decreased its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,865 shares of the information technology services provider’s stock after selling 2,065 shares during the period. Rhumbline Advisers owned about 0.20% of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION worth $6,100,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SAIC. Dorsey Wright & Associates boosted 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 in the last quarter. 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. 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. First Trust Advisors LP boosted 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 in the last quarter. Finally, 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. Institutional investors and hedge funds own 63.79% of the company’s stock.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) opened at 71.87 on Wednesday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 1-year low of $63.14 and a 1-year high of $89.87. The stock has a market capitalization of $3.14 billion, a PE 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 (NYSE:SAIC) last announced its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 47.08% and a net margin of 3.78%. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. On average, equities research analysts forecast that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 earnings per share for the current year.

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Several analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and set a $66.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, July 14th. ValuEngine downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reissued a “market perform” rating and set a $75.00 target price (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Tuesday, June 13th. Cowen and Company reaffirmed a “hold” rating and issued a $75.00 price objective on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Monday, May 15th. Finally, Zacks Investment Research downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus 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 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 completion of the sale, the insider now directly owns 106,147 shares in the company, valued at approximately $7,598,002.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 44,472 shares of company stock valued at $3,119,732 in the last three months. 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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