Science Applications International Corporation (NYSE:SAIC) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Several other brokerages have also recently weighed in on SAIC. Cowen and Company reaffirmed a “hold” rating and issued a $75.00 price target on shares of Science Applications International Corporation in a research report on Friday, September 8th. Wells Fargo & Company raised shares of Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Wednesday. Jefferies Group LLC cut shares of Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Citigroup Inc. raised shares of Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Finally, Zacks Investment Research cut shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $81.25.

Science Applications International Corporation (SAIC) traded up 0.59% during mid-day trading on Friday, hitting $73.65. The company had a trading volume of 231,975 shares. The firm has a market capitalization of $3.18 billion, a PE ratio of 20.57 and a beta of 1.60. Science Applications International Corporation has a 12-month low of $60.21 and a 12-month high of $89.87. The company’s 50 day moving average price is $67.39 and its 200-day moving average price is $71.18.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings results 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 the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $0.85 EPS. Science Applications International Corporation’s revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that Science Applications International Corporation will post $3.59 EPS for the current fiscal year.

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In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.94% of the company’s stock.

Large investors have recently bought and sold shares of the business. State Street Corp increased its stake in Science Applications International Corporation by 4.8% in the 2nd quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after buying an additional 69,187 shares during the last quarter. Comerica Bank increased its stake in Science Applications International Corporation by 0.3% in the 2nd quarter. Comerica Bank now owns 56,824 shares of the information technology services provider’s stock valued at $3,958,000 after buying an additional 191 shares during the last quarter. Prudential Financial Inc. increased its stake in Science Applications International Corporation by 80.7% in the 2nd quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock valued at $37,788,000 after buying an additional 243,080 shares during the last quarter. Wells Fargo & Company MN increased its stake in Science Applications International Corporation by 9.7% in the 2nd quarter. Wells Fargo & Company MN now owns 102,243 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 9,038 shares during the last quarter. Finally, Smith Asset Management Group LP increased its stake in Science Applications International Corporation by 0.7% in the 2nd quarter. Smith Asset Management Group LP now owns 45,653 shares of the information technology services provider’s stock valued at $3,169,000 after buying an additional 330 shares during the last quarter. Hedge funds and other institutional investors own 64.38% 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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