SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) released its quarterly earnings results on Thursday. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by $0.02, Morningstar.com reports. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.77% and a return on equity of 47.85%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 61.06 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 17.00 and a beta of 1.64. The company’s 50-day moving average is $71.09 and its 200 day moving average is $75.32. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 52 week low of $60.81 and a 52 week high of $89.87.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total value of $2,073,464.40. Following the transaction, the insider now owns 8,859 shares in the company, valued at $610,828.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 44,472 shares of company stock worth $3,119,732 in the last 90 days. 2.28% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 5.2% in the second quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock valued at $353,833,000 after buying an additional 250,102 shares during the period. BlackRock Inc. raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 1.4% in the second quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock valued at $309,855,000 after buying an additional 60,206 shares during the period. State Street Corp raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 4.8% in the second quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock valued at $104,381,000 after buying an additional 69,187 shares during the period. Bank of New York Mellon Corp raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 14.0% in the first quarter. Bank of New York Mellon Corp now owns 1,073,598 shares of the information technology services provider’s stock valued at $79,877,000 after buying an additional 132,047 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 928,036 shares of the information technology services provider’s stock valued at $69,045,000 after buying an additional 489,349 shares during the period. Hedge funds and other institutional investors own 63.79% of the company’s stock.

SAIC has been the topic of a number of research analyst reports. Jefferies Group LLC downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Cowen and Company reissued a “hold” rating and issued a $75.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Monday, May 15th. BidaskClub downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $80.00.

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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.

Earnings History for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)

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