Employees Retirement System of Texas held its stake in Science Applications International Corporation (NYSE:SAIC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,000 shares of the information technology services provider’s stock at the close of the 2nd quarter. Employees Retirement System of Texas owned about 0.22% of Science Applications International Corporation worth $6,734,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in shares of Science Applications International Corporation by 20.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,029 shares of the information technology services provider’s stock worth $1,788,000 after purchasing an additional 4,158 shares during the last quarter. Karp Capital Management Corp purchased a new stake in Science Applications International Corporation in the 1st quarter valued at approximately $1,516,000. Sei Investments Co. grew 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 buying an additional 39 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Science Applications International Corporation by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 47 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in Science Applications International Corporation during the 1st quarter valued at $337,000. 64.42% of the stock is currently owned by hedge funds and other institutional investors.

SAIC has been the subject of several recent research reports. Zacks Investment Research downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 8th. Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 price target (down from $80.00) on shares of Science Applications International Corporation in a 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 restated 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 lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $80.00.

TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/04/science-applications-international-corporation-saic-holdings-maintained-by-employees-retirement-system-of-texas.html.

Shares of Science Applications International Corporation (NYSE:SAIC) opened at 67.63 on Wednesday. The stock has a market capitalization of $2.92 billion, a PE ratio of 18.89 and a beta of 1.60. Science Applications International Corporation has a 1-year low of $60.21 and a 1-year high of $89.87. The firm has a 50-day moving average of $68.15 and a 200 day moving average of $72.29.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was down 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Science Applications International Corporation will post $3.61 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding SAIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Science Applications International Corporation (NYSE:SAIC).

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.