Science Applications International Corporation (NYSE:SAIC)‘s stock had its “market perform” rating reiterated by analysts at Cowen and Company in a research report issued on Thursday. They presently have a $72.00 target price on the information technology services provider’s stock, down from their previous target price of $75.00. Cowen and Company’s target price points to a potential upside of 3.73% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. BidaskClub upgraded shares of Science Applications International Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Seaport Global Securities reiterated a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Zacks Investment Research lowered shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Jefferies Group LLC lowered shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, ValuEngine lowered shares of 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, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.86.

Science Applications International Corporation (NYSE SAIC) traded up 1.67% on Thursday, hitting $69.41. The company’s stock had a trading volume of 406,238 shares. The company has a market capitalization of $3.00 billion, a P/E ratio of 19.39 and a beta of 1.60. The company has a 50 day moving average price of $68.08 and a 200-day moving average price of $72.27. Science Applications International Corporation has a 1-year low of $60.21 and a 1-year high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that Science Applications International Corporation will post $3.61 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ronna Sue Cohen raised its holdings in Science Applications International Corporation by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock worth $428,000 after purchasing an additional 21 shares during the period. Sei Investments Co. raised 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 period. Envestnet Asset Management Inc. raised its holdings in Science Applications International Corporation by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 47 shares during the period. Creative Planning raised its holdings in Science Applications International Corporation by 0.3% in the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock worth $1,153,000 after purchasing an additional 51 shares during the period. Finally, Arizona State Retirement System raised its holdings in Science Applications International Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after purchasing an additional 100 shares during the period. Institutional investors own 64.42% of the company’s stock.

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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