Northwestern Mutual Investment Management Company LLC lowered its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,103 shares of the information technology services provider’s stock after selling 459 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Science Applications International Corporation were worth $414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC boosted its holdings in Science Applications International Corporation by 11.8% during the 1st quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 144 shares during the period. Sei Investments Co. boosted its holdings in Science Applications International Corporation by 2.9% during the 1st quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 39 shares during the period. Harbour Capital Advisors LLC purchased a new position in Science Applications International Corporation during the 1st quarter valued at $132,000. Bank of Montreal Can boosted its holdings in Science Applications International Corporation by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after acquiring an additional 1,071 shares during the period. Finally, Elkfork Partners LLC boosted its holdings in Science Applications International Corporation by 11.8% during the 1st quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after acquiring an additional 198 shares during the period. 63.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on SAIC shares. Cowen and Company restated a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a report on Friday, September 8th. Jefferies Group LLC cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research cut Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, seven have issued 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 $80.00.

Science Applications International Corporation (NYSE SAIC) opened at 63.28 on Friday. The company’s 50-day moving average price is $69.85 and its 200-day moving average price is $74.37. The stock has a market cap of $2.76 billion, a PE ratio of 17.62 and a beta of 1.64. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that Science Applications International Corporation will post $3.64 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/16/northwestern-mutual-investment-management-company-llc-has-414000-stake-in-science-applications-international-corporation-saic.html.

In other news, insider Douglas Martin Wagoner sold 30,072 shares of the firm’s stock in a transaction on 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 directly owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders have sold 35,072 shares of company stock valued at $2,427,610. 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)

Receive News & Stock Ratings for Science Applications International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corporation and related stocks with our FREE daily email newsletter.