Science Applications International Corporation (NYSE:SAIC)‘s stock had its “hold” rating reiterated by investment analysts at Cowen and Company in a research report issued on Friday. They presently have a $75.00 price target on the information technology services provider’s stock. Cowen and Company’s target price points to a potential upside of 0.46% from the stock’s current price.

The analysts wrote, “Q2’s ops miss, SAIC’s third in a row, coupled with near term margin pressure suggest.””

Several other analysts have also recently issued reports on SAIC. Zacks Investment Research raised Science Applications International Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Thursday, June 1st. Wells Fargo & Company reissued a “market perform” rating and set a $75.00 target price (down previously from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a research report on Friday, July 14th. Finally, BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Science Applications International Corporation has an average rating of “Hold” and an average price target of $81.63.

Shares of Science Applications International Corporation (SAIC) opened at 74.66 on Friday. Science Applications International Corporation has a 52 week low of $65.82 and a 52 week high of $89.87. The company has a 50-day moving average of $71.36 and a 200-day moving average of $75.42. The stock has a market capitalization of $3.26 billion, a P/E ratio of 20.79 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.11. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, analysts anticipate that Science Applications International Corporation will post $3.79 EPS for the current year.

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In other news, insider Douglas Martin Wagoner sold 9,400 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $73.63, for a total transaction of $692,122.00. Following the transaction, the insider now owns 50,175 shares of the company’s stock, valued at approximately $3,694,385.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, 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 institutional investors have recently made changes to their positions in the business. Tyers Asset Management LLC grew its position in shares of Science Applications International Corporation by 11.8% during the 1st quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock worth $101,000 after buying an additional 144 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Science Applications International Corporation by 2.9% during the 1st quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 39 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Science Applications International Corporation during the 1st quarter worth $132,000. Bank of Montreal Can lifted its stake in shares of Science Applications International Corporation by 128.3% during the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock worth $132,000 after purchasing an additional 1,071 shares during the last quarter. Finally, Elkfork Partners LLC lifted its stake in shares of Science Applications International Corporation by 11.8% during the 1st quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock worth $139,000 after purchasing an additional 198 shares during the last quarter. 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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