Keybank National Association OH grew its holdings in shares of Science Applications International Corporation (NYSE:SAIC) by 50.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,742 shares of the information technology services provider’s stock after purchasing an additional 4,297 shares during the quarter. Keybank National Association OH’s holdings in Science Applications International Corporation were worth $852,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. increased its position in shares of Science Applications International Corporation by 13.4% during the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 186 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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 purchasing an additional 1,071 shares during the last quarter. GLG Partners LP purchased a new stake in shares of Science Applications International Corporation during the 2nd quarter valued at about $143,000. Riverhead Capital Management LLC increased its position in shares of Science Applications International Corporation by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after purchasing an additional 930 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of Science Applications International Corporation by 4.6% during the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 128 shares during the last quarter. 64.57% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. BidaskClub lowered shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Citigroup Inc. upgraded Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Seaport Global Securities reiterated a “buy” rating and set a $80.00 price objective (down from $83.00) on shares of Science Applications International Corporation in a research note on Friday, September 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $66.00 price objective on shares of Science Applications International Corporation in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $80.71.

In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.94% of the company’s stock.

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Science Applications International Corporation (NYSE:SAIC) opened at $67.89 on Thursday. The stock has a market capitalization of $2,943.82, a P/E ratio of 18.55, a P/E/G ratio of 3.83 and a beta of 1.62. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.23 and a current ratio of 1.41. Science Applications International Corporation has a 52 week low of $60.21 and a 52 week high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts predict that Science Applications International Corporation will post 3.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a $0.31 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 1.83%. Science Applications International Corporation’s payout ratio is 34.64%.

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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