Citigroup Inc. lowered shares of Science Applications International Corp. (NYSE:SAIC) from a buy rating to a neutral rating in a research report released on Tuesday.

Several other research firms have also weighed in on SAIC. Zacks Investment Research lowered Science Applications International Corp. from a buy rating to a hold rating in a report on Tuesday, August 2nd. Jefferies Group reiterated 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 lifted their target price for the stock from $64.00 to $71.00 in a report on Friday, September 9th. Finally, Drexel Hamilton lowered Science Applications International Corp. from a buy rating to a hold rating in a report on Friday, September 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $74.83.

Science Applications International Corp. (NYSE:SAIC) opened at 84.31 on Tuesday. The stock’s 50 day moving average price is $72.93 and its 200-day moving average price is $63.97. Science Applications International Corp. has a one year low of $39.76 and a one year high of $84.64. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 29.70 and a beta of 1.53.

Science Applications International Corp. (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates 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 business earned $1.10 billion during the quarter. During the same period last year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that Science Applications International Corp. will post $3.30 earnings per share for the current year.

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In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.68, for a total transaction of $160,264.00. Following the transaction, the insider now owns 30,916 shares of the company’s stock, valued at $2,154,226.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Maria M. Bishop sold 2,160 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.65, for a total value of $150,444.00. Following the transaction, the chief financial officer now directly owns 11,569 shares in the company, valued at approximately $805,780.85. The disclosure for this sale can be found here. 2.28% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in SAIC. Ronna Sue Cohen increased its position in shares of Science Applications International Corp. by 0.5% in the third quarter. Ronna Sue Cohen now owns 5,706 shares of the company’s stock worth $396,000 after buying an additional 29 shares during the period. Hsbc Holdings PLC increased its position in shares of Science Applications International Corp. by 0.6% in the third quarter. Hsbc Holdings PLC now owns 6,268 shares of the company’s stock worth $435,000 after buying an additional 36 shares during the period. Amalgamated Bank increased its position in shares of Science Applications International Corp. by 1.0% in the second quarter. Amalgamated Bank now owns 5,090 shares of the company’s stock worth $313,000 after buying an additional 50 shares during the period. Boston Advisors LLC increased its position in shares of Science Applications International Corp. by 0.8% in the second quarter. Boston Advisors LLC now owns 11,020 shares of the company’s stock worth $643,000 after buying an additional 85 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Science Applications International Corp. by 1.4% in the third quarter. First Citizens Bank & Trust Co. now owns 7,343 shares of the company’s stock worth $509,000 after buying an additional 99 shares during the period. 64.03% of the stock is currently owned by hedge funds and other institutional investors.

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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