CNA Financial Corp Has $757,000 Stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC)

CNA Financial Corp lessened its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,900 shares of the information technology services provider’s stock after selling 600 shares during the quarter. CNA Financial Corp’s holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION were worth $757,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SAIC. Tyers Asset Management LLC boosted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% during 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 purchasing an additional 144 shares during the period. Sei Investments Co. boosted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% during the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 39 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the first quarter valued at approximately $132,000. Bank of Montreal Can boosted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% during 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 purchasing an additional 1,071 shares during the period. Finally, Elkfork Partners LLC boosted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.8% during the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after purchasing an additional 198 shares during the period. 63.79% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on SAIC. Zacks Investment Research lowered SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday, September 8th. Wells Fargo & Company reaffirmed 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. Jefferies Group LLC reaffirmed 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. Finally, ValuEngine lowered SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $80.00.

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Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) traded down 0.72% during mid-day trading on Wednesday, reaching $61.72. The company had a trading volume of 8,596 shares. The firm has a 50-day moving average price of $70.84 and a 200-day moving average price of $74.93. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 1-year low of $60.21 and a 1-year high of $89.87. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 17.19 and a beta of 1.64.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last issued its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share 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 firm 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 earnings per share. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.64 earnings per share for the current year.

In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, insider Douglas Martin Wagoner sold 9,400 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $73.63, for a total value of $692,122.00. Following the completion of the sale, the insider now directly owns 50,175 shares in the company, valued at approximately $3,694,385.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 44,472 shares of company stock valued at $3,119,732 over the last quarter. Company 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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