New York State Common Retirement Fund Has $3.93 Million Stake in Science Applications International Corporation (NYSE:SAIC)

New York State Common Retirement Fund decreased its position in Science Applications International Corporation (NYSE:SAIC) by 13.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,568 shares of the information technology services provider’s stock after selling 9,089 shares during the quarter. New York State Common Retirement Fund owned approximately 0.13% of Science Applications International Corporation worth $3,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Thrivent Financial For Lutherans increased its position in Science Applications International Corporation by 7.5% in the second quarter. Thrivent Financial For Lutherans now owns 8,874 shares of the information technology services provider’s stock worth $616,000 after buying an additional 620 shares in the last quarter. Sandy Spring Bank grew its position in shares of Science Applications International Corporation by 35.1% during the second quarter. Sandy Spring Bank now owns 27,722 shares of the information technology services provider’s stock worth $1,925,000 after purchasing an additional 7,209 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Science Applications International Corporation by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock worth $1,227,000 after purchasing an additional 136 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Science Applications International Corporation during the second quarter worth about $801,000. Finally, BlueMountain Capital Management LLC grew its position in shares of Science Applications International Corporation by 203.7% during the second quarter. BlueMountain Capital Management LLC now owns 67,938 shares of the information technology services provider’s stock worth $4,716,000 after purchasing an additional 45,571 shares in the last quarter. Institutional investors and hedge funds own 64.38% of the company’s stock.

SAIC has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Science Applications International Corporation in a research note on Friday, July 14th. Citigroup Inc. raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. BidaskClub raised Science Applications International Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday. Zacks Investment Research lowered Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, Seaport Global Securities reissued a “buy” rating and set a $80.00 price target (down from $83.00) on shares of Science Applications International Corporation in a research note on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $81.25.

In related news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.94% of the stock is currently owned by corporate insiders.

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Shares of Science Applications International Corporation (SAIC) opened at 73.65 on Friday. The stock has a market cap of $3.18 billion, a P/E ratio of 20.57 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’s 50-day moving average price is $67.46 and its 200 day moving average price is $71.16.

Science Applications International Corporation (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the 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 analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities analysts expect that Science Applications International Corporation will post $3.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a $0.31 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.68%. Science Applications International Corporation’s dividend payout ratio (DPR) is presently 34.64%.

Science Applications International Corporation 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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