A number of firms have modified their ratings and price targets on shares of Science Applications International Corporation (NYSE: SAIC) recently:

  • 10/27/2017 – Science Applications International Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/25/2017 – Science Applications International Corporation was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $80.00 price target on the stock.
  • 10/24/2017 – Science Applications International Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $66.00 price target on the stock.
  • 10/23/2017 – Science Applications International Corporation was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating.
  • 10/6/2017 – Science Applications International Corporation had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $93.00 price target on the stock.
  • 10/5/2017 – Science Applications International Corporation had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $72.00 price target on the stock, down previously from $75.00.
  • 9/28/2017 – Science Applications International Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/8/2017 – Science Applications International Corporation had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $75.00 price target on the stock. They wrote, “Q2’s ops miss, SAIC’s third in a row, coupled with near term margin pressure suggest.””
  • 9/8/2017 – Science Applications International Corporation had its “buy” rating reaffirmed by analysts at Seaport Global Securities. They now have a $80.00 price target on the stock, down previously from $83.00.

Science Applications International Corporation (NYSE:SAIC) last posted its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, October 12th. Science Applications International Corporation’s dividend payout ratio is presently 34.64%.

In other news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.94% of the company’s stock.

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.

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