Shares of Science Applications International Corporation (NYSE:SAIC) have received an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $83.67.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, June 1st. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Cowen and Company reiterated a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research report on Friday, May 5th. Wells Fargo & Company reiterated a “market perform” rating and set a $75.00 target price (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated 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.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of Science Applications International Corporation stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $68.95, for a total value of $2,073,464.40. Following the completion of the sale, the insider now directly owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 44,472 shares of company stock valued at $3,119,732. Corporate insiders own 2.28% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC increased its stake in 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 last quarter. Sei Investments Co. increased its stake in 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 last quarter. Harbour Capital Advisors LLC purchased a new stake in Science Applications International Corporation during the first quarter valued at $132,000. Bank of Montreal Can increased its stake in 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 last quarter. Finally, Elkfork Partners LLC increased its stake in 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 last quarter. Hedge funds and other institutional investors own 68.40% of the company’s stock.

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Shares of Science Applications International Corporation (SAIC) traded down 0.95% on Tuesday, reaching $70.76. 210,223 shares of the company’s stock were exchanged. Science Applications International Corporation has a one year low of $59.88 and a one year high of $89.87. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 19.70 and a beta of 1.65. The company’s 50 day moving average is $71.05 and its 200-day moving average is $77.55.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Science Applications International Corporation had a net margin of 3.78% and a return on equity of 47.08%. Science Applications International Corporation’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, analysts anticipate that Science Applications International Corporation will post $3.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.75%. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.54%.

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)

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