SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)‘s stock had its “buy” rating reissued by Seaport Global Securities in a research report issued on Friday. They currently have a $80.00 price target on the information technology services provider’s stock, down from their prior price target of $83.00. Seaport Global Securities’ target price points to a potential upside of 31.02% from the company’s previous close.

Several other equities research analysts also recently issued reports on SAIC. Cowen and Company reaffirmed a “hold” rating and set a $75.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday. Zacks Investment Research downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $80.00.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) traded down 18.22% during trading on Friday, reaching $61.06. 1,922,099 shares of the company were exchanged. The company has a 50 day moving average price of $71.09 and a 200-day moving average price of $75.32. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.00 and a beta of 1.64. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a one year low of $60.81 and a one year high of $89.87.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by $0.02. The company 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 3.77% and a return on equity of 47.85%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts predict that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS 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 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 completion of the sale, the insider now owns 106,147 shares of the company’s stock, valued at approximately $7,598,002.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 44,472 shares of company stock valued at $3,119,732 in the last ninety days. Insiders own 2.28% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Ronna Sue Cohen increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.4% during the 1st quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock worth $428,000 after buying an additional 21 shares during the period. Sei Investments Co. increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% during the 1st 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. Envestnet Asset Management Inc. increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after buying an additional 47 shares during the period. Creative Planning increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% during the 2nd quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock worth $1,153,000 after buying an additional 51 shares during the period. Finally, Arizona State Retirement System increased its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors 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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