Airain ltd Acquires Shares of 5,617 Science Applications International Corporation (NYSE:SAIC)

Airain ltd purchased a new stake in shares of Science Applications International Corporation (NYSE:SAIC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,617 shares of the information technology services provider’s stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAIC. Capstone Asset Management Co. increased its stake in Science Applications International Corporation by 4.8% during the first quarter. Capstone Asset Management Co. now owns 4,404 shares of the information technology services provider’s stock valued at $328,000 after acquiring an additional 200 shares during the period. Profund Advisors LLC increased its stake in Science Applications International Corporation by 2.4% during the first quarter. Profund Advisors LLC now owns 7,937 shares of the information technology services provider’s stock valued at $591,000 after acquiring an additional 189 shares during the period. Glen Harbor Capital Management LLC increased its stake in Science Applications International Corporation by 11.8% during the first quarter. Glen Harbor Capital Management LLC now owns 2,890 shares of the information technology services provider’s stock valued at $215,000 after acquiring an additional 306 shares during the period. DUPONT CAPITAL MANAGEMENT Corp bought a new position in Science Applications International Corporation during the first quarter valued at about $603,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Science Applications International Corporation by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 15,743 shares of the information technology services provider’s stock valued at $1,171,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 64.42% of the company’s stock.

Shares of Science Applications International Corporation (NYSE SAIC) opened at 64.67 on Friday. The stock has a 50 day moving average price of $69.46 and a 200 day moving average price of $73.82. Science Applications International Corporation has a 1-year low of $60.21 and a 1-year high of $89.87. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 18.06 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings results 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 Corporation had a net margin of 3.77% and a return on equity of 48.69%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts forecast that Science Applications International Corporation will post $3.61 earnings per share for the current year.

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In other news, insider Douglas Martin Wagoner sold 30,072 shares of Science Applications International Corporation stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total value of $2,073,464.40. Following the completion of the sale, the insider now directly owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.28% of the stock is currently owned by insiders.

SAIC has been the topic of several research reports. Seaport Global Securities restated 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. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Thursday, June 1st. Cowen and Company restated a “hold” rating and set a $75.00 price target on shares of Science Applications International Corporation in a research note on Friday, September 8th. BidaskClub lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $80.00.

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.

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

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