Science Applications International Corporation (NYSE:SAIC) has been given an average rating of “Hold” by the eleven research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $82.71.

SAIC has been the topic of several recent analyst reports. BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Seaport Global Securities reaffirmed a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a research note on Friday, September 8th. Zacks Investment Research downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $93.00 target price on shares of Science Applications International Corporation in a research note on Friday, October 6th.

Science Applications International Corporation (NYSE SAIC) traded up 1.49% during midday trading on Friday, hitting $70.88. The stock had a trading volume of 262,527 shares. The firm has a market cap of $3.06 billion, a PE ratio of 19.80 and a beta of 1.60. The stock has a 50-day moving average price of $67.45 and a 200 day moving average price of $71.19. Science Applications International Corporation has a one year low of $60.21 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 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The company had revenue of $1.08 billion for 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 48.69%. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, analysts predict that Science Applications International Corporation will post $3.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, October 12th. Science Applications International Corporation’s payout ratio is currently 34.64%.

In other news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.94% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its stake in shares of Science Applications International Corporation by 2.9% in 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 in the last quarter. Bank of Montreal Can raised its stake in shares of Science Applications International Corporation by 128.3% in the 2nd 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 in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Science Applications International Corporation by 2.5% in 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 in the last quarter. GLG Partners LP bought a new stake in shares of Science Applications International Corporation in the 2nd quarter worth $143,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Science Applications International Corporation by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after buying an additional 930 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors.

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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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