Today: Today: Analysts give average Rating of “Buy” to Science Applications International Corp. (SAIC)

Today: Analysts give average Rating of “Buy” to Science Applications International Corp. (SAIC)

Shares of Science Applications International Corp. (NYSE:SAIC) have been assigned a consensus recommendation of “Buy” from the nine analysts that are covering the stock. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $78.75.

Several research firms have commented on SAIC. Zacks Investment Research cut shares of Science Applications International Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Drexel Hamilton upgraded shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Friday, November 11th. Jefferies Group increased their price objective on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a report on Monday, September 12th. Citigroup Inc. increased their price objective on shares of Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a report on Friday, September 9th. Finally, Cowen and Company cut shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $64.00 to $71.00 in a report on Friday, September 9th.

In related news, CFO Maria M. Bishop sold 2,160 shares of the stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.65, for a total transaction of $150,444.00. Following the completion of the sale, the chief financial officer now directly owns 11,569 shares of the company’s stock, valued at $805,780.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Moraco sold 38,821 shares of the stock in a transaction that occurred on Thursday, September 15th. The shares were sold at an average price of $66.58, for a total transaction of $2,584,702.18. Following the sale, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at $13,640,843.82. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SAIC. First Trust Advisors LP raised its stake in Science Applications International Corp. by 37.4% in the second quarter. First Trust Advisors LP now owns 90,131 shares of the company’s stock valued at $5,259,000 after buying an additional 24,515 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Science Applications International Corp. by 7.6% in the first quarter. Geode Capital Management LLC now owns 289,790 shares of the company’s stock valued at $15,457,000 after buying an additional 20,509 shares during the period. Squarepoint Ops LLC increased its stake in shares of Science Applications International Corp. by 74.4% in the first quarter. Squarepoint Ops LLC now owns 21,864 shares of the company’s stock valued at $1,166,000 after buying an additional 9,325 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Science Applications International Corp. by 19.5% in the second quarter. Teacher Retirement System of Texas now owns 6,085 shares of the company’s stock valued at $355,000 after buying an additional 991 shares during the period. Finally, Palisade Capital Management LLC NJ increased its stake in shares of Science Applications International Corp. by 25.0% in the second quarter. Palisade Capital Management LLC NJ now owns 75,095 shares of the company’s stock valued at $4,382,000 after buying an additional 15,033 shares during the period. 64.03% of the stock is owned by institutional investors and hedge funds.

Science Applications International Corp. (NYSE:SAIC) traded up 0.08% during mid-day trading on Monday, reaching $84.02. 84,671 shares of the company’s stock traded hands. The company has a 50-day moving average of $72.49 and a 200-day moving average of $63.59. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 29.59 and a beta of 1.53. Science Applications International Corp. has a 52-week low of $39.76 and a 52-week high of $84.40.

Science Applications International Corp. (NYSE:SAIC) last posted its earnings results on Thursday, September 8th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The firm earned $1.10 billion during the quarter. During the same quarter last year, the company posted $0.66 EPS. Science Applications International Corp.’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts expect that Science Applications International Corp. will post $3.30 EPS for the current year.

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