Today, Great West Life Assurance Co. Can Raises its position in Science Applications International Corp. (SAIC) as a favorable investment target.

Today, Great West Life Assurance Co. Can Raises its position in Science Applications International Corp. (SAIC) as a favorable investment target.

Great West Life Assurance Co. Can boosted its stake in Science Applications International Corp. (NYSE:SAIC) by 7.6% during the third quarter, Holdings Channel reports. The institutional investor owned 26,348 shares of the company’s stock after buying an additional 1,855 shares during the period. Great West Life Assurance Co. Can’s holdings in Science Applications International Corp. were worth $1,827,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Proffitt & Goodson Inc. purchased a new position in shares of Science Applications International Corp. during the second quarter valued at $502,000. LS Investment Advisors LLC increased its position in Science Applications International Corp. by 69.6% in the second quarter. LS Investment Advisors LLC now owns 2,449 shares of the company’s stock valued at $143,000 after buying an additional 1,005 shares during the period. Dowling & Yahnke LLC increased its position in Science Applications International Corp. by 6.2% in the second quarter. Dowling & Yahnke LLC now owns 22,041 shares of the company’s stock valued at $1,286,000 after buying an additional 1,281 shares during the period. CrestPoint Capital Management LLC increased its position in Science Applications International Corp. by 3.6% in the second quarter. CrestPoint Capital Management LLC now owns 31,500 shares of the company’s stock valued at $1,838,000 after buying an additional 1,100 shares during the period. Finally, Eqis Capital Management Inc. bought a new position in Science Applications International Corp. during the second quarter valued at approximately $421,000. 64.03% of the stock is owned by institutional investors.

Shares of Science Applications International Corp. (NYSE:SAIC) traded up 0.01% on Monday, hitting $83.96. 241,405 shares of the company were exchanged. Science Applications International Corp. has a 52-week low of $39.76 and a 52-week high of $84.40. The stock has a market capitalization of $3.71 billion, a PE ratio of 29.57 and a beta of 1.53. The firm’s 50-day moving average is $72.93 and its 200-day moving average is $63.97.

Science Applications International Corp. (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The company earned $1.10 billion during the quarter. During the same period in the previous year, the firm posted $0.66 EPS. The firm’s quarterly revenue was down .4% on a year-over-year basis. Equities research analysts predict that Science Applications International Corp. will post $3.30 earnings per share for the current year.

Several research analysts have commented on SAIC shares. Jefferies Group increased their price objective on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a report on Monday, September 12th. Zacks Investment Research raised shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Saturday, September 10th. Citigroup Inc. increased their price objective on shares of Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a report on Friday, September 9th. Finally, Drexel Hamilton raised shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, November 11th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $74.83.

In other Science Applications International Corp. news, CFO Maria M. Bishop sold 2,160 shares of Science Applications International Corp. stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $69.65, for a total value of $150,444.00. Following the completion of the transaction, the chief financial officer now owns 11,569 shares of the company’s stock, valued at $805,780.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas Martin Wagoner sold 2,300 shares of Science Applications International Corp. stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $69.68, for a total transaction of $160,264.00. Following the completion of the transaction, the insider now directly owns 30,916 shares of the company’s stock, valued at approximately $2,154,226.88. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.

Science Applications International Corp. 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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