Science Applications International Corp (SAIC) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Science Applications International Corp (NYSE:SAIC) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 735,276 shares of the information technology services provider’s stock after buying an additional 29,387 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.70% of Science Applications International worth $49,154,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Sei Investments Co. boosted its holdings in Science Applications International by 13.4% in the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 186 shares during the period. Bank of Montreal Can boosted its holdings in Science Applications International by 128.3% in the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after purchasing an additional 1,071 shares during the period. GLG Partners LP bought a new stake in Science Applications International in the 2nd quarter valued at $143,000. Riverhead Capital Management LLC boosted its holdings in Science Applications International by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after purchasing an additional 930 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Science Applications International by 4.6% in the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 128 shares during the period. Institutional investors and hedge funds own 63.47% of the company’s stock.

In other Science Applications International news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.94% of the company’s stock.

Shares of Science Applications International Corp (SAIC) traded up $0.16 during mid-day trading on Tuesday, reaching $73.23. 291,900 shares of the company traded hands, compared to its average volume of 315,960. The company has a quick ratio of 1.23, a current ratio of 1.41 and a debt-to-equity ratio of 3.10. The company has a market cap of $3,159.59, a P/E ratio of 19.91, a P/E/G ratio of 4.11 and a beta of 1.60. Science Applications International Corp has a 12-month low of $60.21 and a 12-month high of $89.87.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Science Applications International had a net margin of 3.77% and a return on equity of 48.69%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. equities research analysts predict that Science Applications International Corp will post 3.55 earnings per share for the current year.

SAIC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Cowen reaffirmed a “hold” rating and set a $75.00 price objective on shares of Science Applications International in a report on Friday, September 8th. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 price objective (down from $83.00) on shares of Science Applications International in a report on Friday, September 8th. BidaskClub raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $93.00 price objective on shares of Science Applications International in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $80.71.

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Science Applications International 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 (NYSE:SAIC)

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