Science Applications International Corp. (NYSE:SAIC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $76.00 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 7.62% from the stock’s current price.

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. “

SAIC has been the topic of a number of other reports. Citigroup Inc. increased their price objective on Science Applications International Corp. from $64.00 to $67.00 and gave the company a “buy” rating in a report on Tuesday, June 14th. Drexel Hamilton lowered Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Cowen and Company lowered Science Applications International Corp. from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $64.00 to $71.00 in a report on Friday, September 9th. BB&T Corp. lowered Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 13th. Finally, SunTrust Banks Inc. reaffirmed a “buy” rating on shares of Science Applications International Corp. in a report on Monday, June 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $71.17.

Analyst Recommendations for Science Applications International Corp. (NYSE:SAIC)

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 70.62 on Wednesday. Science Applications International Corp. has a one year low of $39.28 and a one year high of $72.50. The stock has a market capitalization of $3.12 billion, a PE ratio of 24.87 and a beta of 1.56. The stock’s 50 day moving average price is $64.16 and its 200 day moving average price is $56.85.

Science Applications International Corp. (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $1.10 billion for the quarter. Science Applications International Corp. had a return on equity of 38.81% and a net margin of 2.92%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Equities research analysts predict 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 4,300 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Anthony J. Moraco sold 38,821 shares of the firm’s stock in a transaction that occurred on Thursday, September 15th. The shares were 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.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position 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 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 valued at $130,000 after buying an additional 2,200 shares during the period. LS Investment Advisors LLC increased its position in 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 valued at $143,000 after buying an additional 1,005 shares during the period. Quantbot Technologies LP purchased a new position in Science Applications International Corp. during the second quarter valued at $166,000. Finally, Commonwealth Equity Services Inc purchased a new position in Science Applications International Corp. during the second quarter valued at $203,000. 63.49% of the stock is currently owned by institutional investors.

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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