Science Applications International Corporation (NYSE:SAIC) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts also recently weighed in on the company. Cowen and Company dropped their target price on Science Applications International Corporation from $82.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, April 19th. Seaport Global Securities initiated coverage on Science Applications International Corporation in a research report on Thursday, February 16th. They set a “buy” rating and a $93.00 target price for the company. Citigroup Inc. dropped their target price on Science Applications International Corporation from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Monday, April 3rd. Zacks Investment Research downgraded Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Finally, Vertical Research initiated coverage on Science Applications International Corporation in a research report on Thursday, March 16th. They set a “hold” rating and a $91.00 target price for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $83.38.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

Shares of Science Applications International Corporation (NYSE:SAIC) traded down 8.83% on Tuesday, hitting $74.25. The stock had a trading volume of 1,710,805 shares. Science Applications International Corporation has a 52 week low of $54.66 and a 52 week high of $89.87. The firm has a 50 day moving average price of $74.79 and a 200-day moving average price of $80.92. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 23.06 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last released its earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. Science Applications International Corporation had a return on equity of 42.81% and a net margin of 3.33%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.80 earnings per share. Analysts anticipate that Science Applications International Corporation will post $3.90 EPS for the current year.

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In related news, insider Nazzic S. Keene sold 8,580 shares of the company’s stock in a transaction dated Wednesday, April 12th. The stock was sold at an average price of $72.45, for a total value of $621,621.00. Following the completion of the sale, the insider now owns 34,826 shares in the company, valued at $2,523,143.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ bought a new stake in Science Applications International Corporation during the first quarter worth approximately $1,376,000. Bank of Nova Scotia bought a new stake in Science Applications International Corporation during the first quarter worth approximately $2,615,000. Point72 Asia Hong Kong Ltd bought a new stake in Science Applications International Corporation during the first quarter worth approximately $145,000. Ronna Sue Cohen increased its stake in Science Applications International Corporation by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock worth $428,000 after buying an additional 21 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in Science Applications International Corporation during the first quarter worth approximately $132,000. Institutional investors and hedge funds own 69.90% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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