Science Applications International Corp. (NYSE:SAIC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $76.00 price objective on the stock. Zacks Investment Research’s target price points to a potential upside of 12.34% from the stock’s previous close.

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. “

SAIC has been the topic of several other research reports. Citigroup Inc. boosted their price target 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. Jefferies Group boosted their target price on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, September 12th. Cowen and Company downgraded shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $64.00 to $71.00 in a research note on Friday, September 9th. Wells Fargo & Co. downgraded shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 13th. Finally, BB&T Corp. downgraded shares of Science Applications International Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $71.17.

Analyst Recommendations for Science Applications International Corp. (NYSE:SAIC)

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Science Applications International Corp. (NYSE:SAIC) opened at 67.65 on Wednesday. The stock has a 50 day moving average of $63.62 and a 200 day moving average of $56.67. Science Applications International Corp. has a 52 week low of $39.28 and a 52 week high of $72.50. The firm has a market cap of $2.99 billion, a PE ratio of 23.83 and a beta of 1.56.

Science Applications International Corp. (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.06. The firm had revenue of $1.10 billion for the quarter. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. Analysts anticipate that Science Applications International Corp. will post $3.30 EPS for the current year.

In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 4,300 shares of the company’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $58.00, for a total transaction of $249,400.00. Following the transaction, the insider now directly owns 30,805 shares in the company, valued at approximately $1,786,690. The transaction 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 company’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $66.58, for a total transaction of $2,584,702.18. Following the transaction, the chief executive officer now owns 204,879 shares in the company, valued at $13,640,843.82. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in 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 last quarter. Vanguard Group Inc. increased its position in 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 during the last quarter. State Street Corp increased its position in 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 during the last quarter. Dimensional Fund Advisors LP increased its position in 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 during the last quarter. Finally, TimesSquare Capital Management LLC increased its position in 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 during the last quarter. Institutional investors own 63.49% of the company’s stock.

About Science Applications International Corp.

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.

5 Day Chart for NYSE:SAIC

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