Science Applications International (NYSE:SAIC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “

Other research analysts also recently issued reports about the company. Citigroup upgraded Science Applications International from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. SunTrust Banks restated a “buy” rating and issued a $93.00 price target on shares of Science Applications International in a research note on Friday, October 6th. BidaskClub raised Science Applications International from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 price objective (down from $83.00) on shares of Science Applications International in a research report on Friday, September 8th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $66.00 price objective on shares of Science Applications International in a research report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $80.71.

Science Applications International (NYSE:SAIC) opened at $73.27 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.41 and a quick ratio of 1.23. The firm has a market capitalization of $3,170.00, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 4.11 and a beta of 1.61. Science Applications International has a one year low of $60.21 and a one year high of $89.87.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. Science Applications International had a net margin of 3.77% and a return on equity of 48.69%. The firm’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 business earned $0.85 earnings per share. equities research analysts predict that Science Applications International will post 3.55 EPS for the current year.

In other news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.94% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in Science Applications International by 13.4% during the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock worth $109,000 after purchasing an additional 186 shares during the last quarter. Bank of Montreal Can lifted its holdings in Science Applications International by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,071 shares during the last quarter. GLG Partners LP acquired a new stake in Science Applications International during the 2nd quarter worth approximately $143,000. Riverhead Capital Management LLC lifted its holdings in Science Applications International by 62.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 930 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Science Applications International by 4.6% during the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after purchasing an additional 128 shares during the last quarter. 63.47% of the stock is owned by institutional investors and hedge funds.

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Science Applications International 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.

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