Northern Trust Corp Purchases 28,257 Shares of Science Applications International Corporation (NYSE:SAIC)

Northern Trust Corp raised its stake in Science Applications International Corporation (NYSE:SAIC) by 4.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 730,339 shares of the information technology services provider’s stock after purchasing an additional 28,257 shares during the period. Northern Trust Corp owned 1.67% of Science Applications International Corporation worth $50,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SAIC. Vanguard Group Inc. grew its holdings in shares of 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 valued at $360,608,000 after buying an additional 490,948 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Science Applications International Corporation by 1.4% during the second quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock valued at $309,855,000 after buying an additional 60,206 shares during the last quarter. State Street Corp grew its holdings in shares of Science Applications International Corporation by 0.8% during the first quarter. State Street Corp now owns 1,434,399 shares of the information technology services provider’s stock valued at $106,719,000 after buying an additional 10,711 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of 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 valued at $51,498,000 after buying an additional 189,603 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Science Applications International Corporation by 6.6% during the second quarter. TimesSquare Capital Management LLC now owns 577,900 shares of the information technology services provider’s stock valued at $40,118,000 after buying an additional 35,540 shares during the last quarter. 64.46% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on SAIC shares. Cowen and Company restated a “hold” rating and set a $75.00 price target on shares of Science Applications International Corporation in a report on Friday, September 8th. SunTrust Banks, Inc. restated a “buy” rating and set a $93.00 price target on shares of Science Applications International Corporation in a report on Friday, October 6th. BidaskClub upgraded shares of Science Applications International Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Seaport Global Securities reiterated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of Science Applications International Corporation in a research note on Friday, September 8th. Finally, Zacks Investment Research cut shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $80.63.

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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 document filed with the SEC, which is accessible through this link. Corporate insiders own 2.94% of the company’s stock.

Shares of Science Applications International Corporation (NYSE:SAIC) opened at 68.81 on Tuesday. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company’s 50-day moving average is $67.79 and its 200-day moving average is $71.32. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 19.22 and a beta of 1.61.

Science Applications International Corporation (NYSE:SAIC) last released its quarterly earnings data 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities research analysts predict that Science Applications International Corporation will post $3.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be given a $0.31 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.24 annualized dividend and a yield of 1.80%. Science Applications International Corporation’s dividend payout ratio is presently 34.64%.

About Science Applications International Corporation

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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