Science Applications International Corporation’s (SAIC) Buy Rating Reiterated at Seaport Global Securities

Seaport Global Securities reissued their buy rating on shares of Science Applications International Corporation (NYSE:SAIC) in a report released on Friday. The firm currently has a $80.00 price objective on the information technology services provider’s stock, down from their previous price objective of $83.00.

A number of other research firms also recently commented on SAIC. BidaskClub downgraded shares of Science Applications International Corporation from a buy rating to a hold rating in a research report on Wednesday, July 19th. Cowen and Company reaffirmed a hold rating and issued a $75.00 target price on shares of Science Applications International Corporation in a research report on Monday, May 15th. Jefferies Group LLC downgraded shares of Science Applications International Corporation from a buy rating to a hold rating in a research report on Monday, July 17th. Zacks Investment Research downgraded shares of Science Applications International Corporation from a buy rating to a hold rating in a research report on Thursday, June 8th. Finally, Wells Fargo & Company reaffirmed a market perform rating and issued 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $80.00.

Science Applications International Corporation (SAIC) opened at 61.06 on Friday. The company has a 50-day moving average price of $71.09 and a 200 day moving average price of $75.32. Science Applications International Corporation has a 1-year low of $60.81 and a 1-year high of $89.87. The stock has a market cap of $2.67 billion, a P/E ratio of 17.00 and a beta of 1.64.

Science Applications International Corporation (NYSE:SAIC) last posted its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.85 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that Science Applications International Corporation will post $3.79 earnings per share for the current fiscal year.

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In other news, insider Douglas Martin Wagoner sold 9,400 shares of Science Applications International Corporation stock in a transaction on Thursday, June 15th. The shares were 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 in the company, valued at approximately $3,694,385.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 44,472 shares of company stock worth $3,119,732 in the last quarter. Corporate insiders own 2.28% of the company’s stock.

Several institutional investors have recently modified their holdings of SAIC. Capstone Asset Management Co. boosted its stake in shares of Science Applications International Corporation by 4.8% during the 1st quarter. Capstone Asset Management Co. now owns 4,404 shares of the information technology services provider’s stock worth $328,000 after acquiring an additional 200 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of Science Applications International Corporation by 2.4% during the 1st quarter. Profund Advisors LLC now owns 7,937 shares of the information technology services provider’s stock worth $591,000 after acquiring an additional 189 shares during the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Science Applications International Corporation by 11.8% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,890 shares of the information technology services provider’s stock worth $215,000 after acquiring an additional 306 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of Science Applications International Corporation during the 1st quarter worth $603,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Science Applications International Corporation by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,743 shares of the information technology services provider’s stock worth $1,171,000 after acquiring an additional 200 shares during 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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