Science Applications International Corp. (NYSE:SAIC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “

Several other research analysts have also recently weighed in on SAIC. Citigroup Inc. reissued a “buy” rating and set a $64.00 price objective (up from $60.00) on shares of Science Applications International Corp. in a report on Wednesday, June 8th. Wells Fargo & Co. cut shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 13th. BB&T Corp. cut shares of Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 13th. SunTrust Banks Inc. reissued a “buy” rating on shares of Science Applications International Corp. in a report on Monday, June 13th. Finally, Jefferies Group boosted their price objective on shares of Science Applications International Corp. from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, June 15th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Science Applications International Corp. currently has an average rating of “Hold” and an average price target of $71.00.

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Shares of Science Applications International Corp. (NYSE:SAIC) traded down 0.29% on Tuesday, reaching $67.65. 200,691 shares of the company’s stock traded hands. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 23.83 and a beta of 1.56. The firm’s 50-day moving average is $63.62 and its 200-day moving average is $56.67. Science Applications International Corp. has a 52-week low of $39.28 and a 52-week high of $72.50.

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 the consensus estimate 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 firm earned $1.10 billion during the quarter. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Analysts anticipate that Science Applications International Corp. will post $3.30 EPS for the current fiscal year.

In other news, insider Douglas Martin Wagoner sold 4,300 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $58.00, for a total value of $249,400.00. Following the completion of the sale, the insider now directly owns 30,805 shares of the company’s stock, valued at $1,786,690. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony J. Moraco sold 38,821 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $66.58, for a total transaction of $2,584,702.18. Following the completion of the sale, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at $13,640,843.82. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Science Applications International Corp. by 66.6% in the second quarter. FMR LLC now owns 3,686,573 shares of the company’s stock worth $215,112,000 after buying an additional 1,473,440 shares during the period. Vanguard Group Inc. raised its position in shares of Science Applications International Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 3,455,643 shares of the company’s stock worth $201,636,000 after buying an additional 162,935 shares in the last quarter. State Street Corp raised its position in shares of Science Applications International Corp. by 0.7% in the first quarter. State Street Corp now owns 1,446,148 shares of the company’s stock worth $77,135,000 after buying an additional 10,345 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Science Applications International Corp. by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,032,014 shares of the company’s stock worth $60,215,000 after buying an additional 13,957 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of Science Applications International Corp. by 10.3% in the second quarter. TimesSquare Capital Management LLC now owns 965,000 shares of the company’s stock worth $56,308,000 after buying an additional 90,000 shares in the last quarter. 63.49% of the stock is owned by hedge funds and other institutional investors.

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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