Science Applications International Corporation (NYSE:SAIC) posted its earnings results on Thursday. The information technology services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by $0.02, Morningstar.com reports. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was down 1.6% on a year-over-year basis.

Shares of Science Applications International Corporation (NYSE SAIC) opened at 74.66 on Friday. The stock has a market cap of $3.26 billion, a P/E ratio of 20.79 and a beta of 1.64. Science Applications International Corporation has a 1-year low of $65.82 and a 1-year high of $89.87. The company has a 50 day moving average price of $71.36 and a 200 day moving average price of $75.42.

In related news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $71.58, for a total value of $109,087.92. Following the completion of the transaction, the insider now 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 accessible through this link. Insiders sold 44,472 shares of company stock valued at $3,119,732 in the last three months. 2.28% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Tyers Asset Management LLC grew its holdings 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 worth $101,000 after purchasing an additional 144 shares during the last quarter. Sei Investments Co. grew its holdings 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 worth $103,000 after purchasing an additional 39 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Science Applications International Corporation in the first quarter worth $132,000. Bank of Montreal Can grew its holdings 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 worth $132,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Elkfork Partners LLC grew its holdings 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 worth $139,000 after purchasing an additional 198 shares during the last quarter. 63.79% of the stock is owned by institutional investors.

SAIC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Thursday, June 1st. Cowen and Company reiterated a “hold” rating and set a $75.00 target price 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Science Applications International Corporation presently has a consensus rating of “Hold” and an average target price of $81.63.

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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.

Earnings History for Science Applications International Corporation (NYSE:SAIC)

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