Trade Report: Today, Science Applications International Corp. (SAIC) Cut to Neutral at Citigroup Inc.

Today, Science Applications International Corp. (SAIC) Cut to Neutral at Citigroup Inc.

Science Applications International Corp. (NYSE:SAIC) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a report issued on Tuesday, The Fly reports.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Science Applications International Corp. from a “buy” rating to a “hold” rating in a 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 target price for the company in a report on Friday, November 11th. Jefferies Group lifted their target price 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. Finally, Cowen and Company downgraded shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $64.00 to $71.00 in a report on Friday, September 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $74.83.

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 83.96 on Tuesday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 29.57 and a beta of 1.53. The firm’s 50-day moving average price is $72.93 and its 200-day moving average price is $63.97. Science Applications International Corp. has a 12-month low of $39.76 and a 12-month high of $84.40.

Science Applications International Corp. (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.06. The firm had revenue of $1.10 billion for the quarter. Science Applications International Corp. had a net margin of 2.92% and a return on equity of 38.81%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. On average, analysts forecast that Science Applications International Corp. will post $3.30 EPS for the current fiscal year.

In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 2,300 shares of the business’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $69.68, for a total value of $160,264.00. Following the completion of the transaction, the insider now owns 30,916 shares in the company, valued at $2,154,226.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Moraco sold 38,821 shares of the business’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $66.58, for a total transaction of $2,584,702.18. Following the completion of the transaction, the chief executive officer now owns 204,879 shares of the company’s stock, valued at approximately $13,640,843.82. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of SAIC. FMR LLC increased its position in shares of Science Applications International Corp. by 66.6% in the second quarter. FMR LLC now owns 3,686,573 shares of the company’s stock worth $215,112,000 after buying an additional 1,473,440 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Science Applications International Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 3,455,643 shares of the company’s stock worth $201,636,000 after buying an additional 162,935 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Science Applications International Corp. by 10.4% in the third quarter. BlackRock Fund Advisors now owns 2,293,803 shares of the company’s stock worth $159,121,000 after buying an additional 216,881 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Science Applications International Corp. by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 1,116,281 shares of the company’s stock worth $77,437,000 after buying an additional 45,263 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Science Applications International Corp. by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,032,014 shares of the company’s stock worth $60,215,000 after buying an additional 13,957 shares during the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.

About Science Applications International Corp.

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.

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