Capstone Asset Management Co. Acquires 340 Shares of Science Applications International Corporation (NYSE:SAIC)

Capstone Asset Management Co. raised its position in Science Applications International Corporation (NYSE:SAIC) by 7.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,744 shares of the information technology services provider’s stock after buying an additional 340 shares during the period. Capstone Asset Management Co.’s holdings in Science Applications International Corporation were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Meadow Creek Investment Management LLC raised its stake in shares of Science Applications International Corporation by 11.8% in the first quarter. Meadow Creek Investment Management LLC now owns 2,380 shares of the information technology services provider’s stock valued at $177,000 after buying an additional 252 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Science Applications International Corporation by 0.8% in the first quarter. Principal Financial Group Inc. now owns 194,988 shares of the information technology services provider’s stock valued at $14,508,000 after buying an additional 1,571 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Science Applications International Corporation during the first quarter valued at approximately $298,000. BlackRock Inc. raised its stake in shares of Science Applications International Corporation by 21,454.1% in the first quarter. BlackRock Inc. now owns 4,403,288 shares of the information technology services provider’s stock valued at $327,604,000 after buying an additional 4,382,859 shares during the last quarter. Finally, AMI Asset Management Corp raised its stake in shares of Science Applications International Corporation by 69.3% in the first quarter. AMI Asset Management Corp now owns 91,704 shares of the information technology services provider’s stock valued at $6,823,000 after buying an additional 37,545 shares during the last quarter. 68.40% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Corporation (NYSE SAIC) traded up 0.39% on Friday, hitting $69.53. 60,725 shares of the company were exchanged. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 19.36 and a beta of 1.65. Science Applications International Corporation has a one year low of $60.34 and a one year high of $89.87. The stock has a 50 day moving average price of $70.70 and a 200 day moving average price of $77.03.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business earned $0.80 earnings per share. Science Applications International Corporation’s quarterly revenue was down 9.2% on a year-over-year basis. On average, equities research analysts forecast that Science Applications International Corporation will post $3.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given 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 commented on SAIC. Jefferies Group LLC restated a “hold” rating and issued a $66.00 price target on shares of Science Applications International Corporation in a research note on Friday, July 14th. ValuEngine lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wells Fargo & Company restated a “market perform” rating and issued a $75.00 price target (down previously from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. Cowen and Company restated a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corporation in a research note on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.63.

In other news, insider Douglas Martin Wagoner sold 30,072 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total transaction of $2,073,464.40. Following the transaction, the insider now directly owns 8,859 shares in the company, valued at $610,828.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 44,472 shares of company stock worth $3,119,732 over the last quarter. 2.28% of the stock is owned by company insiders.

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.

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

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