SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)‘s stock had its “buy” rating restated by stock analysts at Seaport Global Securities in a research note issued to investors on Friday. They presently have a $80.00 price objective on the information technology services provider’s stock, down from their previous price objective of $83.00. Seaport Global Securities’ target price would indicate a potential upside of 31.02% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Jefferies Group LLC cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Cowen and Company reissued a “hold” rating and issued a $75.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Monday, May 15th. BidaskClub cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $80.00.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) opened at 61.06 on Friday. The company has a 50-day moving average of $71.09 and a 200-day moving average of $75.32. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a one year low of $60.81 and a one year high of $89.87. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 17.00 and a beta of 1.64.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last announced its quarterly earnings data 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 47.85%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 EPS for the current fiscal year.

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In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, insider Douglas Martin Wagoner sold 9,400 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $73.63, for a total value of $692,122.00. Following the transaction, the insider now owns 50,175 shares of the company’s stock, valued at $3,694,385.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 44,472 shares of company stock worth $3,119,732. Corporate insiders own 2.28% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Ronna Sue Cohen lifted its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after acquiring an additional 21 shares during the period. Sei Investments Co. lifted its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 39 shares during the period. Envestnet Asset Management Inc. lifted its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after acquiring an additional 47 shares during the period. Creative Planning lifted its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% in the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after acquiring an additional 51 shares during the period. Finally, Arizona State Retirement System lifted its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.5% in the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after acquiring an additional 100 shares during the period. 63.79% of the stock is currently owned by institutional investors.

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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