Science Applications International Corp. (NYSE:SAIC) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $78.67.

SAIC has been the topic of several recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of Science Applications International Corp. in a report on Wednesday, August 10th. Zacks Investment Research upgraded Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, August 16th. Cowen and Company cut Science Applications International Corp. from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $64.00 to $71.00 in a report on Friday, September 9th. Drexel Hamilton cut Science Applications International Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 9th. Finally, Citigroup Inc. lifted their target price 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.

In related news, CFO Maria M. Bishop sold 2,160 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.65, for a total transaction of $150,444.00. Following the transaction, the chief financial officer now directly owns 11,569 shares of the company’s stock, valued at approximately $805,780.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Martin Wagoner sold 2,300 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $69.68, for a total value of $160,264.00. Following the transaction, the insider now directly owns 30,916 shares in the company, valued at $2,154,226.88. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Proffitt & Goodson Inc. acquired a new position in Science Applications International Corp. during the second quarter worth $502,000. LS Investment Advisors LLC raised 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 worth $143,000 after buying an additional 1,005 shares during the last quarter. Dowling & Yahnke LLC raised its position in Science Applications International Corp. by 6.2% in the second quarter. Dowling & Yahnke LLC now owns 22,041 shares of the company’s stock worth $1,286,000 after buying an additional 1,281 shares during the last quarter. CrestPoint Capital Management LLC raised its position in Science Applications International Corp. by 3.6% in the second quarter. CrestPoint Capital Management LLC now owns 31,500 shares of the company’s stock worth $1,838,000 after buying an additional 1,100 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Science Applications International Corp. during the second quarter worth $421,000. 64.03% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Science Applications International Corp. (SAIC) PT at $78.75” was first published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. and international copyright laws. The legal version of this story can be viewed at http://www.dailypolitical.com/2016/11/30/brokerages-set-science-applications-international-corp-saic-pt-at-78-75.html.

Shares of Science Applications International Corp. (NYSE:SAIC) opened at 82.57 on Monday. The company has a market cap of $3.65 billion, a PE ratio of 29.08 and a beta of 1.53. Science Applications International Corp. has a 12 month low of $39.76 and a 12 month high of $84.68. The firm’s 50-day moving average price is $73.33 and its 200-day moving average price is $64.20.

Science Applications International Corp. (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 8th. The company reported $0.85 earnings per share 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 business had revenue of $1.10 billion for the quarter. During the same quarter last year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Equities analysts predict that Science Applications International Corp. will post $3.30 EPS for the current fiscal year.

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.

5 Day Chart for NYSE:SAIC

Receive News & Ratings for Science Applications International Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International Corp. and related companies with MarketBeat.com's FREE daily email newsletter.