Seaport Global Securities reissued their buy rating on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) in a report issued on Friday morning. The brokerage currently has a $80.00 target price on the information technology services provider’s stock, down from their prior target price of $83.00.

Several other research analysts also recently weighed in on the company. Cowen and Company restated a hold rating and set a $75.00 target price on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday. Zacks Investment Research downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a sell rating in a research note on Wednesday, August 16th. BidaskClub downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a research note on Wednesday, July 19th. Jefferies Group LLC downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a research note on Monday, July 17th. Finally, ValuEngine downgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $80.00.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE SAIC) opened at 61.31 on Friday. The firm has a 50-day moving average price of $71.12 and a 200-day moving average price of $75.03. The company has a market cap of $2.68 billion, a P/E ratio of 17.07 and a beta of 1.64. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $60.21 and a 12-month high of $89.87.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last announced its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by $0.02. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts forecast that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.64 earnings per share for the current fiscal year.

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In other SCIENCE APPLICATIONS INTERNATIONAL CORPORATION news, insider Douglas Martin Wagoner sold 1,524 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $71.58, for a total transaction of $109,087.92. Following the sale, the insider now owns 106,147 shares in the company, valued at approximately $7,598,002.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 44,472 shares of company stock worth $3,119,732. Company insiders own 2.28% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Ronna Sue Cohen lifted its holdings in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.4% in the 1st quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after buying an additional 21 shares during the period. Sei Investments Co. raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in 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 period. Envestnet Asset Management Inc. raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 47 shares during the period. Creative Planning raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% in the 2nd quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock worth $1,153,000 after purchasing an additional 51 shares during the period. Finally, Arizona State Retirement System raised its holdings in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock worth $1,277,000 after purchasing an additional 100 shares during the period. 63.79% of the stock is owned by institutional investors and hedge funds.

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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