American International Group Inc. raised its stake in Science Applications International Corp (NYSE:SAIC) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,790 shares of the information technology services provider’s stock after purchasing an additional 3,186 shares during the period. American International Group Inc. owned 0.27% of Science Applications International worth $7,941,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Science Applications International by 405.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,989 shares of the information technology services provider’s stock valued at $668,000 after purchasing an additional 8,012 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Science Applications International by 399.5% during the third quarter. Quantbot Technologies LP now owns 5,804 shares of the information technology services provider’s stock worth $387,000 after acquiring an additional 4,642 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Science Applications International by 11.8% during the third quarter. Russell Investments Group Ltd. now owns 45,069 shares of the information technology services provider’s stock worth $3,012,000 after acquiring an additional 4,749 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Science Applications International by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 735,276 shares of the information technology services provider’s stock worth $49,154,000 after acquiring an additional 29,387 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Science Applications International by 15.2% during the third quarter. Rhumbline Advisers now owns 101,247 shares of the information technology services provider’s stock worth $6,768,000 after acquiring an additional 13,382 shares during the last quarter. Institutional investors own 63.41% of the company’s stock.

In related news, COO Nazzic S. Keene sold 18,772 shares of Science Applications International stock in a transaction on Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.94% of the company’s stock.

Science Applications International Corp (NYSE SAIC) traded down $1.13 during trading hours on Friday, reaching $73.07. 237,203 shares of the company were exchanged, compared to its average volume of 316,064. Science Applications International Corp has a 1 year low of $60.21 and a 1 year high of $89.87. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. The stock has a market cap of $3,132.78, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.08 and a beta of 1.62.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Science Applications International 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 business earned $0.85 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. equities research analysts anticipate that Science Applications International Corp will post 3.55 earnings per share for the current year.

SAIC has been the topic of a number of research reports. BidaskClub upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Seaport Global Securities restated a “buy” rating and set a $80.00 target price (down from $83.00) on shares of Science Applications International in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Science Applications International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Citigroup upgraded shares of Science Applications International from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, SunTrust Banks restated a “buy” rating and set a $93.00 target price on shares of Science Applications International in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Science Applications International has an average rating of “Hold” and an average price target of $80.71.

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Science Applications International 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 (NYSE:SAIC)

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