Science Applications International Corporation (NYSE:SAIC)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a research report issued to clients and investors on Friday. They presently have a $75.00 price objective on the information technology services provider’s stock. Cowen and Company’s price objective indicates a potential upside of 0.46% from the stock’s current price.

The analysts wrote, “Q2’s ops miss, SAIC’s third in a row, coupled with near term margin pressure suggest.””

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub cut shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC cut shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. ValuEngine cut shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 price objective (down from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Science Applications International Corporation presently has an average rating of “Hold” and a consensus target price of $81.63.

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

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.91 by $0.11. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 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 revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, analysts expect that Science Applications International Corporation will post $3.79 earnings per share for the current year.

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In other Science Applications International Corporation news, insider Douglas Martin Wagoner sold 1,524 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were 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 approximately $7,598,002.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 over the last ninety days. 2.28% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System lifted its holdings in shares of Science Applications International Corporation by 1.6% during the 4th quarter. California State Teachers Retirement System now owns 85,287 shares of the information technology services provider’s stock worth $3,904,000 after acquiring an additional 1,303 shares during the period. Creative Planning lifted its holdings in shares of Science Applications International Corporation by 299.5% during the 4th quarter. Creative Planning now owns 41,592 shares of the information technology services provider’s stock worth $1,904,000 after acquiring an additional 31,181 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Science Applications International Corporation by 5.5% during the 3rd quarter. Nationwide Fund Advisors now owns 103,334 shares of the information technology services provider’s stock worth $7,168,000 after acquiring an additional 5,390 shares during the period. State Street Corp lifted its holdings in shares of Science Applications International Corporation by 0.7% during the 1st quarter. State Street Corp now owns 1,446,148 shares of the information technology services provider’s stock worth $77,135,000 after acquiring an additional 10,345 shares during the period. Finally, Numeric Investors LLC purchased a new position in shares of Science Applications International Corporation during the 4th quarter worth about $1,900,000. Institutional investors and hedge funds own 63.79% 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.

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

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