Science Applications International Corp. (NYSE:SAIC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 analysts have also recently issued reports about the company. Drexel Hamilton cut Science Applications International Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 9th. Cowen and Company cut Science Applications International Corp. from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $64.00 to $71.00 in a research report on Friday, September 9th. Jefferies Group lifted their price objective on Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Finally, Citigroup Inc. lifted their price objective on Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $74.83.

Analyst Recommendations for Science Applications International Corp. (NYSE:SAIC)

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 81.36 on Tuesday. The firm has a market capitalization of $3.60 billion, a PE ratio of 28.66 and a beta of 1.53. The company’s 50-day moving average price is $69.47 and its 200 day moving average price is $61.72. Science Applications International Corp. has a 12-month low of $39.76 and a 12-month high of $79.70.

Science Applications International Corp. (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.06. Science Applications International Corp. had a return on equity of 38.81% and a net margin of 2.92%. The firm had revenue of $1.10 billion for the quarter. During the same period last year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was down .4% compared to the same quarter last year. On average, equities analysts forecast that Science Applications International Corp. will post $3.30 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Stockholders of record on Friday, October 14th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, October 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.52%. Science Applications International Corp.’s payout ratio is 43.66%.

In other Science Applications International Corp. news, CEO Anthony J. Moraco sold 38,821 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $66.58, for a total transaction of $2,584,702.18. Following the completion of the sale, the chief executive officer now directly owns 204,879 shares in the company, valued at approximately $13,640,843.82. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Douglas Martin Wagoner sold 2,300 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $69.68, for a total transaction of $160,264.00. Following the sale, the insider now owns 30,916 shares of the company’s stock, valued at $2,154,226.88. The disclosure for this sale can be found here. Insiders own 2.28% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Foundry Partners LLC bought a new stake in shares of Science Applications International Corp. during the second quarter worth $6,910,000. Ronna Sue Cohen raised its stake in shares of Science Applications International Corp. by 0.6% in the second quarter. Ronna Sue Cohen now owns 5,677 shares of the company’s stock worth $331,000 after buying an additional 33 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Science Applications International Corp. by 1,180.6% in the second quarter. BNP Paribas Arbitrage SA now owns 20,759 shares of the company’s stock worth $1,211,000 after buying an additional 19,138 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Science Applications International Corp. by 74.4% in the first quarter. Squarepoint Ops LLC now owns 21,864 shares of the company’s stock worth $1,166,000 after buying an additional 9,325 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of Science Applications International Corp. by 806.1% in the first quarter. Barclays PLC now owns 5,917 shares of the company’s stock worth $313,000 after buying an additional 5,264 shares in the last quarter. Institutional investors and hedge funds own 64.47% of the company’s stock.

Science Applications International Corp. 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.

5 Day Chart for NYSE:SAIC

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