Science Applications International Corp (NYSE:SAIC) – Investment analysts at SunTrust Banks decreased their Q4 2019 EPS estimates for Science Applications International in a report issued on Thursday. SunTrust Banks analyst T. Sommer now anticipates that the information technology services provider will post earnings of $0.92 per share for the quarter, down from their previous forecast of $0.97. SunTrust Banks has a “Buy” rating and a $93.00 price target on the stock.

Several other brokerages have also commented on SAIC. Wells Fargo & Company upgraded Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Wednesday, October 25th. Cowen reaffirmed a “market perform” rating and set a $72.00 price objective (down previously from $75.00) on shares of Science Applications International in a research report on Thursday, October 5th. Jefferies Group reaffirmed a “hold” rating and set a $66.00 price objective on shares of Science Applications International in a research report on Tuesday, October 24th. BidaskClub downgraded Science Applications International from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Finally, Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Science Applications International currently has an average rating of “Hold” and a consensus price target of $79.57.

Science Applications International (NYSE SAIC) traded up $4.54 during trading hours on Monday, reaching $79.97. The company had a trading volume of 1,276,800 shares, compared to its average volume of 322,314. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. Science Applications International has a one year low of $60.21 and a one year high of $89.87. The stock has a market cap of $3,419.98, a price-to-earnings ratio of 21.44, a PEG ratio of 4.47 and a beta of 1.60.

In other news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.94% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its position in shares of Science Applications International by 13.4% in the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 186 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Science Applications International by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after acquiring an additional 1,071 shares during the last quarter. GLG Partners LP acquired a new stake in shares of Science Applications International in the second quarter worth approximately $143,000. Riverhead Capital Management LLC boosted its stake in shares of Science Applications International by 62.0% in the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock worth $169,000 after acquiring an additional 930 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Science Applications International by 4.6% in the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock worth $203,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 63.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/11/science-applications-international-corp-expected-to-earn-q4-2019-earnings-of-0-92-per-share-saic.html.

About Science Applications International

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.

Receive News & Ratings for Science Applications International Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corp and related companies with MarketBeat.com's FREE daily email newsletter.