Science Applications International Corp. (NYSE:SAIC) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $78.75.

Several brokerages have issued reports on SAIC. Zacks Investment Research raised Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, August 16th. Drexel Hamilton lowered Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Jefferies Group reaffirmed a “buy” rating on shares of Science Applications International Corp. in a report on Wednesday, August 10th. Cowen and Company lowered Science Applications International Corp. from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $64.00 to $71.00 in a report on Friday, September 9th. Finally, Citigroup Inc. raised their price objective on Science Applications International Corp. from $67.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, September 9th.

In related news, insider Douglas Martin Wagoner sold 2,300 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $69.68, for a total value of $160,264.00. Following the completion of the sale, the insider now owns 30,916 shares in the company, valued at $2,154,226.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Maria M. Bishop sold 2,160 shares of the firm’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $69.65, for a total transaction of $150,444.00. Following the completion of the sale, the chief financial officer now owns 11,569 shares of the company’s stock, valued at approximately $805,780.85. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in SAIC. Sei Investments Co. increased its stake in shares of Science Applications International Corp. by 22.1% in the third quarter. Sei Investments Co. now owns 1,575 shares of the company’s stock worth $109,000 after buying an additional 285 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Science Applications International Corp. during the third quarter worth approximately $127,000. Daiwa Securities Group Inc. purchased a new stake in shares of Science Applications International Corp. during the third quarter worth approximately $146,000. Smith Asset Management Group LP increased its stake in shares of Science Applications International Corp. by 8,461.5% in the second quarter. Smith Asset Management Group LP now owns 2,226 shares of the company’s stock worth $130,000 after buying an additional 2,200 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in shares of Science Applications International Corp. by 69.6% in the second quarter. LS Investment Advisors LLC now owns 2,449 shares of the company’s stock worth $143,000 after buying an additional 1,005 shares during the last quarter. Hedge funds and other institutional investors own 64.03% of the company’s stock.

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Science Applications International Corp. (NYSE:SAIC) traded up 0.08% during trading on Monday, reaching $84.02. The company had a trading volume of 84,671 shares. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 29.59 and a beta of 1.53. The firm has a 50-day moving average of $72.49 and a 200-day moving average of $63.59. Science Applications International Corp. has a 1-year low of $39.76 and a 1-year high of $84.40.

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

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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