Science Applications International Corp. (NYSE:SAIC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “

Several other research firms have also recently issued reports on SAIC. Jefferies Group reissued a “buy” rating on shares of Science Applications International Corp. in a research note on Wednesday, August 10th. Citigroup Inc. lifted their price target on Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Wells Fargo & Co. lowered Science Applications International Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 13th. SunTrust Banks Inc. restated a “buy” rating on shares of Science Applications International Corp. in a research report on Monday, June 13th. Finally, Drexel Hamilton restated a “buy” rating and set a $63.00 price target (up from $55.00) on shares of Science Applications International Corp. in a research report on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Science Applications International Corp. presently has an average rating of “Buy” and an average target price of $71.17.

Science Applications International Corp. (NYSE:SAIC) opened at 68.44 on Tuesday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 24.11 and a beta of 1.56. Science Applications International Corp. has a 12-month low of $39.28 and a 12-month high of $72.50. The stock has a 50 day moving average price of $63.86 and a 200 day moving average price of $56.75.

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

In other Science Applications International Corp. news, insider Douglas Martin Wagoner sold 4,300 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $58.00, for a total value of $249,400.00. Following the sale, the insider now directly owns 30,805 shares of the company’s stock, valued at $1,786,690. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $2,584,702.18. Following the completion of the sale, the chief executive officer now directly owns 204,879 shares in the company, valued at $13,640,843.82. The disclosure for this sale can be found here. 2.28% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in SAIC. Envestnet Asset Management Inc. increased its stake in Science Applications International Corp. by 9.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,252 shares of the company’s stock valued at $120,000 after buying an additional 185 shares during the period. Smith Asset Management Group LP increased its position in shares of Science Applications International Corp. by 8,461.5% in the second quarter. Smith Asset Management Group LP now owns 2,226 shares of the company’s stock worth $130,000 after buying an additional 2,200 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Science Applications International Corp. by 69.6% in the second quarter. LS Investment Advisors LLC now owns 2,449 shares of the company’s stock worth $143,000 after buying an additional 1,005 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Science Applications International Corp. during the second quarter worth about $166,000. Finally, Commonwealth Equity Services Inc acquired a new position in shares of Science Applications International Corp. during the second quarter worth about $203,000. 63.49% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Corp. 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.

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