Science Applications International Corp (NYSE:SAIC) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 767 call options on the stock. This is an increase of approximately 1,062% compared to the average daily volume of 66 call options.

SAIC has been the subject of several analyst reports. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Tuesday, June 5th. ValuEngine lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Vertical Research lowered shares of Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a report on Tuesday. Cowen reissued a “hold” rating and issued a $82.00 target price on shares of Science Applications International in a report on Tuesday. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $84.00 target price (down from $88.00) on shares of Science Applications International in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $85.29.

Science Applications International stock opened at $78.51 on Friday. The company has a market capitalization of $3.33 billion, a P/E ratio of 17.85, a PEG ratio of 3.46 and a beta of 1.40. Science Applications International has a 12-month low of $61.27 and a 12-month high of $93.31. The company has a quick ratio of 1.18, a current ratio of 1.40 and a debt-to-equity ratio of 2.61.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, September 10th. The information technology services provider reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Science Applications International had a net margin of 4.21% and a return on equity of 57.27%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.80 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts forecast that Science Applications International will post 4.53 EPS for the current year.

In other news, CEO Anthony J. Moraco sold 21,737 shares of the company’s stock in a transaction dated Friday, June 29th. The shares were sold at an average price of $81.32, for a total transaction of $1,767,652.84. Following the completion of the sale, the chief executive officer now owns 61,249 shares of the company’s stock, valued at approximately $4,980,768.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 22,322 shares of company stock valued at $1,814,728 in the last ninety days. Insiders own 2.05% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Squar Milner Financial Services LLC bought a new position in Science Applications International in the 2nd quarter worth approximately $112,000. Itau Unibanco Holding S.A. boosted its stake in Science Applications International by 536.7% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock worth $164,000 after purchasing an additional 1,712 shares during the period. Robeco Institutional Asset Management B.V. bought a new position in Science Applications International in the 2nd quarter worth approximately $201,000. Alambic Investment Management L.P. bought a new position in Science Applications International in the 1st quarter worth approximately $205,000. Finally, Point72 Hong Kong Ltd boosted its stake in Science Applications International by 219.4% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock worth $212,000 after purchasing an additional 1,797 shares during the period. Institutional investors and hedge funds own 65.01% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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