BidaskClub upgraded shares of Science Applications International Corporation (NYSE:SAIC) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Science Applications International Corporation from a hold rating to a buy rating and set a $85.00 price objective for the company in a research report on Thursday, June 1st. Wells Fargo & Company reiterated a market perform rating and issued a $75.00 price target (down previously from $80.00) on shares of Science Applications International Corporation in a research note on Tuesday, June 13th. ValuEngine downgraded shares of Science Applications International Corporation from a buy rating to a hold rating in a research note on Tuesday, June 13th. Jefferies Group LLC reiterated a hold rating and set a $66.00 price target on shares of Science Applications International Corporation in a report on Friday, July 14th. Finally, Cowen and Company reiterated a hold rating and set a $75.00 price target on shares of Science Applications International Corporation in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $80.00.

Shares of Science Applications International Corporation (SAIC) opened at 66.85 on Thursday. The firm’s 50-day moving average price is $69.46 and its 200 day moving average price is $73.82. Science Applications International Corporation has a 12 month low of $60.21 and a 12 month high of $89.87. The company has a market cap of $2.89 billion, a PE ratio of 18.67 and a beta of 1.61.

Science Applications International Corporation (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that Science Applications International Corporation will post $3.61 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Sei Investments Co. grew its position in shares of 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 valued at $103,000 after buying an additional 39 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Science Applications International Corporation during the 1st quarter worth $132,000. Bank of Montreal Can raised its stake in 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 acquiring an additional 1,071 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Science Applications International Corporation by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock worth $143,000 after acquiring an additional 47 shares in the last quarter. Finally, GLG Partners LP acquired a new stake in Science Applications International Corporation during the 2nd quarter worth $143,000. Institutional investors and hedge funds own 64.42% of the company’s stock.

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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