Caxton Associates LP boosted its stake in shares of Science Applications International Corporation (NYSE:SAIC) by 25.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,000 shares of the information technology services provider’s stock after purchasing an additional 1,200 shares during the quarter. Caxton Associates LP’s holdings in Science Applications International Corporation were worth $417,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SAIC. BlackRock Inc. boosted its position in Science Applications International Corporation by 21,454.1% during the first quarter. BlackRock Inc. now owns 4,403,288 shares of the information technology services provider’s stock worth $327,604,000 after purchasing an additional 4,382,859 shares during the period. ETF Managers Group LLC bought a new stake in Science Applications International Corporation during the second quarter worth approximately $39,049,000. Vanguard Group Inc. boosted its position in Science Applications International Corporation by 11.3% during the first quarter. Vanguard Group Inc. now owns 4,846,874 shares of the information technology services provider’s stock worth $360,608,000 after purchasing an additional 490,948 shares during the period. Prudential Financial Inc. boosted its position in Science Applications International Corporation by 80.7% during the second quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock worth $37,788,000 after purchasing an additional 243,080 shares during the period. Finally, AQR Capital Management LLC boosted its position in Science Applications International Corporation by 37.7% during the first quarter. AQR Capital Management LLC now owns 692,178 shares of the information technology services provider’s stock worth $51,498,000 after purchasing an additional 189,603 shares during the period. 64.42% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on SAIC. Cowen and Company reaffirmed a “market perform” rating and set a $72.00 target price (down previously from $75.00) on shares of Science Applications International Corporation in a research report on Thursday, October 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $93.00 target price on shares of Science Applications International Corporation in a research report on Friday, October 6th. BidaskClub raised Science Applications International Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research cut Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Science Applications International Corporation has an average rating of “Hold” and an average target price of $80.63.

Science Applications International Corporation (SAIC) opened at 68.31 on Friday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 19.08 and a beta of 1.60. The stock’s 50 day moving average price is $67.97 and its 200-day moving average price is $71.65. 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 issued its 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 return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts expect that Science Applications International Corporation will post $3.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. Science Applications International Corporation’s dividend payout ratio is currently 34.64%.

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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.

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Institutional Ownership by Quarter for Science Applications International Corporation (NYSE:SAIC)

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