Science Applications International Corp (SAIC) Given Consensus Rating of “Hold” by Brokerages

Science Applications International Corp (NYSE:SAIC) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $79.00.

Several brokerages have recently weighed in on SAIC. Vertical Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday. Cowen reiterated a “hold” rating and set a $72.00 target price on shares of Science Applications International in a research report on Friday. Zacks Investment Research upgraded shares of Science Applications International from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. BidaskClub upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company upgraded shares of Science Applications International from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Wednesday, October 25th.

Shares of Science Applications International (SAIC) traded down $1.28 during trading on Monday, hitting $78.69. 542,807 shares of the stock traded hands, compared to its average volume of 323,241. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.15 and a current ratio of 1.34. Science Applications International has a 1-year low of $60.21 and a 1-year high of $89.87. The firm has a market cap of $3,400.00, a price-to-earnings ratio of 21.44, a P/E/G ratio of 4.47 and a beta of 1.61.

In related news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.94% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System grew its holdings in Science Applications International by 0.5% during the second quarter. Arizona State Retirement System now owns 18,400 shares of the information technology services provider’s stock valued at $1,277,000 after purchasing an additional 100 shares during the period. Teacher Retirement System of Texas grew its holdings in Science Applications International by 3.5% during the second quarter. Teacher Retirement System of Texas now owns 3,521 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 119 shares during the period. Stifel Financial Corp grew its holdings in Science Applications International by 4.6% during the second quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after purchasing an additional 128 shares during the period. PNC Financial Services Group Inc. grew its holdings in Science Applications International by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 17,672 shares of the information technology services provider’s stock valued at $1,227,000 after purchasing an additional 136 shares during the period. Finally, Sei Investments Co. grew its holdings in Science Applications International by 13.4% during the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after purchasing an additional 186 shares during the period. 63.47% of the stock is owned by institutional investors and hedge funds.

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About Science Applications International

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 (NYSE:SAIC)

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