Shares of Science Applications International Corporation (NYSE:SAIC) have earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $83.67.

SAIC has been the topic of several analyst reports. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, June 1st. Cowen and Company restated a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a report on Monday, May 15th. BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th.

Science Applications International Corporation (SAIC) traded up 0.73% during mid-day trading on Friday, hitting $74.42. 197,471 shares of the company were exchanged. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 20.72 and a beta of 1.63. Science Applications International Corporation has a 12 month low of $64.49 and a 12 month high of $89.87. The firm has a 50 day moving average price of $71.02 and a 200 day moving average price of $75.76.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $0.80 EPS. Science Applications International Corporation’s revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts anticipate that Science Applications International Corporation will post $3.79 EPS for the current fiscal year.

In other 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 value of $109,087.92. Following the completion of the sale, the insider now directly owns 106,147 shares in the company, valued at approximately $7,598,002.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 44,472 shares of company stock valued at $3,119,732 over the last quarter. Company insiders own 2.28% of the company’s stock.

Large investors have recently modified their holdings of the stock. Tyers Asset Management LLC increased its stake 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 worth $101,000 after buying an additional 144 shares during the period. Sei Investments Co. increased its stake 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 worth $103,000 after buying an additional 39 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of Science Applications International Corporation during the first quarter worth $132,000. Elkfork Partners LLC increased its stake 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 worth $139,000 after buying an additional 198 shares during the period. Finally, Bank of Montreal Can increased its stake 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 worth $132,000 after buying an additional 1,071 shares during the period. Institutional investors and hedge funds own 63.79% of the company’s stock.

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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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