Science Applications International Corporation (SAIC) Stock Rating Lowered by BidaskClub

Science Applications International Corporation (NYSE:SAIC) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, November 4th.

A number of other equities analysts also recently issued reports on SAIC. Cowen and Company reissued a “hold” rating and set a $75.00 target price on shares of Science Applications International Corporation in a research note on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating and set a $93.00 target price on shares of Science Applications International Corporation in a research note on Friday, October 6th. Wells Fargo & Company upgraded Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Wednesday, October 25th. Jefferies Group LLC restated a “hold” rating and issued a $66.00 price target on shares of Science Applications International Corporation in a report on Tuesday, October 24th. Finally, Citigroup Inc. upgraded Science Applications International Corporation from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $80.71.

Science Applications International Corporation (NYSE SAIC) opened at $70.10 on Friday. Science Applications International Corporation has a 1 year low of $60.21 and a 1 year high of $89.87. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $2,980.00, a PE ratio of 18.79, a PEG ratio of 3.88 and a beta of 1.63.

Science Applications International Corporation (NYSE:SAIC) last posted its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share. equities research analysts predict that Science Applications International Corporation will post 3.55 earnings per share for the current year.

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In other news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.94% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of Science Applications International Corporation by 213.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,630 shares of the information technology services provider’s stock worth $2,382,000 after buying an additional 24,273 shares during the period. Cetera Advisor Networks LLC purchased a new position in Science Applications International Corporation in the third quarter valued at about $223,000. Point72 Asset Management L.P. purchased a new position in Science Applications International Corporation in the third quarter valued at about $3,657,000. Jane Street Group LLC purchased a new position in Science Applications International Corporation in the third quarter valued at about $1,050,000. Finally, Schwab Charles Investment Management Inc. raised its position in Science Applications International Corporation by 54.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock valued at $29,147,000 after purchasing an additional 154,429 shares during the period. 62.60% of the stock is currently owned by institutional investors and hedge funds.

About Science Applications International Corporation

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.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

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