Science Applications International Corporation (SAIC) Rating Reiterated by Cowen and Company

Science Applications International Corporation (NYSE:SAIC)‘s stock had its “hold” rating reissued by Cowen and Company in a report issued on Friday. They presently have a $75.00 price target on the information technology services provider’s stock. Cowen and Company’s price target points to a potential upside of 22.83% 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.””

Other equities analysts also recently issued reports about the company. Jefferies Group LLC reiterated 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. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reiterated a “market perform” rating and set a $75.00 target price (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Zacks Investment Research downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Finally, BidaskClub downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.00.

Shares of Science Applications International Corporation (NYSE SAIC) traded down 18.22% during mid-day trading on Friday, reaching $61.06. The company’s stock had a trading volume of 1,922,099 shares. The company has a 50-day moving average of $71.09 and a 200-day moving average of $75.32. The firm has a market cap of $2.67 billion, a PE ratio of 17.00 and a beta of 1.64. Science Applications International Corporation has a 12 month low of $60.81 and a 12 month high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last released 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. The company had revenue of $1.08 billion for 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 for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 earnings per share. On average, analysts predict that Science Applications International Corporation will post $3.79 earnings per share for the current year.

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In other 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 value of $109,087.92. Following the transaction, the insider now directly owns 106,147 shares in the company, valued at $7,598,002.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 44,472 shares of company stock worth $3,119,732 over the last 90 days. Company insiders own 2.28% of the company’s stock.

Several institutional investors have recently made changes to their positions in SAIC. Tyers Asset Management LLC lifted its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Tyers Asset Management LLC now owns 1,360 shares of the information technology services provider’s stock valued at $101,000 after acquiring an additional 144 shares in the last quarter. Sei Investments Co. lifted its position in shares of Science Applications International Corporation by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 39 shares in the last quarter. Harbour Capital Advisors LLC purchased a new position in shares of Science Applications International Corporation in the first quarter valued at about $132,000. Bank of Montreal Can lifted its position in shares of Science Applications International Corporation by 128.3% in the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Elkfork Partners LLC lifted its position in shares of Science Applications International Corporation by 11.8% in the first quarter. Elkfork Partners LLC now owns 1,870 shares of the information technology services provider’s stock valued at $139,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 63.79% 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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