Science Applications International Corporation (NYSE:SAIC)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a research note issued on Friday. They presently have a $66.00 price target on the information technology services provider’s stock. Jefferies Group LLC’s target price would suggest a potential downside of 8.21% from the stock’s current price.

Several other equities research analysts have also recently issued reports on SAIC. Vertical Research started coverage on Science Applications International Corporation in a report on Thursday, March 16th. They issued a “hold” rating and a $91.00 target price on the stock. Cowen and Company reissued a “market perform” rating and set a $82.00 price objective (down from $90.00) on shares of Science Applications International Corporation in a research note on Sunday, April 2nd. Citigroup Inc. reduced their price objective on Science Applications International Corporation from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Monday, April 3rd. Zacks Investment Research cut Science Applications International Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $75.00 price objective (down from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Science Applications International Corporation presently has a consensus rating of “Hold” and an average target price of $85.63.

Shares of Science Applications International Corporation (NYSE SAIC) traded down 4.24% during midday trading on Friday, reaching $68.85. The company had a trading volume of 88,934 shares. Science Applications International Corporation has a 52 week low of $58.99 and a 52 week high of $89.87. The stock has a 50-day moving average of $73.95 and a 200 day moving average of $79.84. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 19.17 and a beta of 1.65.

Science Applications International Corporation (NYSE:SAIC) last issued its earnings results on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.04. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. The firm 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 firm posted $0.80 earnings per share. The business’s revenue was down 9.2% compared to the same quarter last year. On average, analysts anticipate that Science Applications International Corporation will post $3.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 14th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 12th. This represents a $1.24 annualized dividend and a yield of 1.72%. Science Applications International Corporation’s payout ratio is currently 34.54%.

TRADEMARK VIOLATION WARNING: “Science Applications International Corporation (SAIC) Stock Rating Reaffirmed by Jefferies Group LLC” was reported by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/07/15/science-applications-international-corporations-saic-buy-rating-reiterated-at-jefferies-group-llc.html.

In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, the insider now directly owns 106,147 shares of the company’s stock, valued at $7,598,002.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 44,472 shares of company stock worth $3,119,732 over the last three months. 2.28% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tyers Asset Management LLC raised its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 144 shares during the period. Sei Investments Co. raised its position in shares of Science Applications International Corporation by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 39 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Science Applications International Corporation during the first quarter valued at about $132,000. Bank of Montreal Can raised its position in shares of Science Applications International Corporation by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after buying an additional 1,071 shares during the period. Finally, Elkfork Partners LLC raised its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 68.76% of the company’s stock.

Science Applications International Corporation 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.

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

Receive News & Ratings for Science Applications International Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corporation and related companies with MarketBeat.com's FREE daily email newsletter.