Bahl & Gaynor Inc. acquired a new position in shares of Science Applications International Corporation (NYSE:SAIC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,610 shares of the information technology services provider’s stock, valued at approximately $730,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its stake in Science Applications International Corporation by 80.7% in the second quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock worth $37,788,000 after buying an additional 243,080 shares in the last quarter. Comerica Bank boosted its stake in Science Applications International Corporation by 0.3% in the second quarter. Comerica Bank now owns 56,824 shares of the information technology services provider’s stock worth $3,958,000 after buying an additional 191 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in Science Applications International Corporation by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,380 shares of the information technology services provider’s stock worth $177,000 after buying an additional 252 shares in the last quarter. Smith Asset Management Group LP boosted its stake in Science Applications International Corporation by 0.7% in the second quarter. Smith Asset Management Group LP now owns 45,653 shares of the information technology services provider’s stock worth $3,169,000 after buying an additional 330 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Science Applications International Corporation by 0.8% in the first quarter. Principal Financial Group Inc. now owns 194,988 shares of the information technology services provider’s stock worth $14,508,000 after buying an additional 1,571 shares in the last quarter. 64.42% of the stock is owned by institutional investors.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of Science Applications International Corporation stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $71.58, for a total transaction of $109,087.92. Following the completion of 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 filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 35,072 shares of company stock valued at $2,427,610. 2.28% of the stock is currently owned by corporate insiders.

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

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

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Several analysts have weighed in on SAIC shares. Zacks Investment Research upgraded 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 reiterated a “market perform” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $66.00 price objective on shares of Science Applications International Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.00.

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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