ING Groep NV Invests $369,000 in Science Applications International Corporation (NYSE:SAIC)

ING Groep NV acquired a new stake in Science Applications International Corporation (NYSE:SAIC) during the second quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,317 shares of the information technology services provider’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new position in Science Applications International Corporation during the fourth quarter valued at approximately $630,000. Creative Planning raised its position in Science Applications International Corporation by 1.8% in the first quarter. Creative Planning now owns 16,562 shares of the information technology services provider’s stock valued at $1,232,000 after buying an additional 290 shares during the period. Capstone Asset Management Co. raised its position in Science Applications International Corporation by 4.8% in the first quarter. Capstone Asset Management Co. now owns 4,404 shares of the information technology services provider’s stock valued at $328,000 after buying an additional 200 shares during the period. AMI Asset Management Corp raised its position in 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 period. Finally, Fox Run Management L.L.C. purchased a new position in Science Applications International Corporation during the first quarter valued at approximately $298,000. Hedge funds and other institutional investors own 66.00% of the company’s stock.

Shares of Science Applications International Corporation (NYSE SAIC) traded down 0.65% during mid-day trading on Friday, reaching $69.14. 161,065 shares of the company were exchanged. Science Applications International Corporation has a 12 month low of $61.47 and a 12 month high of $89.87. The stock has a 50 day moving average price of $70.69 and a 200-day moving average price of $76.51. The stock has a market capitalization of $3.02 billion, a P/E ratio of 19.25 and a beta of 1.65.

Science Applications International Corporation (NYSE:SAIC) last announced its earnings results on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the company posted $0.80 EPS. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Analysts predict that Science Applications International Corporation will post $3.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were given a $0.31 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.54%.

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SAIC has been the subject of several recent analyst reports. Cowen and Company reiterated a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a research note on Friday, May 5th. Zacks Investment Research raised shares of Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, June 1st. Wells Fargo & Company reissued a “market perform” rating and set a $75.00 target price (down previously from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. ValuEngine downgraded shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Science Applications International Corporation presently has an average rating of “Hold” and a consensus price target of $81.63.

In related news, insider Douglas Martin Wagoner sold 1,524 shares of Science Applications International Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $71.58, for a total value of $109,087.92. Following the transaction, the insider now directly owns 106,147 shares in the company, valued at approximately $7,598,002.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 44,472 shares of company stock worth $3,119,732. 2.28% of the stock is currently owned by 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.

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

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