Texas Permanent School Fund Raises Stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)

Texas Permanent School Fund boosted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,910 shares of the information technology services provider’s stock after buying an additional 139 shares during the period. Texas Permanent School Fund’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $2,215,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Tyers Asset Management LLC increased its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. increased its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 39 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the first quarter valued at $132,000. Bank of Montreal Can increased its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after buying an additional 1,071 shares in the last quarter. Finally, Elkfork Partners LLC increased its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after buying an additional 198 shares in the last quarter. 68.40% of the stock is currently owned by institutional investors and hedge funds.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 69.26 on Friday. The firm’s 50-day moving average is $70.70 and its 200 day moving average is $77.03. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a one year low of $60.34 and a one year high of $89.87. The stock has a market cap of $3.02 billion, a P/E ratio of 19.29 and a beta of 1.65.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.78% and a return on equity of 47.08%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. On average, analysts anticipate that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were paid a dividend of $0.31 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s payout ratio is 34.54%.

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Several brokerages have weighed in on SAIC. Zacks Investment Research raised shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, June 1st. ValuEngine downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Cowen and Company reaffirmed a “hold” rating and set a $75.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, May 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $75.00 price target (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $66.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, July 14th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $81.63.

In other news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, the insider now owns 106,147 shares of the company’s stock, valued at approximately $7,598,002.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 in the last ninety days. Corporate insiders own 2.28% of the company’s stock.

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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