SunTrust Banks, Inc. restated their buy rating on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) in a research report sent to investors on Friday. They currently have a $93.00 price objective on the information technology services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. Cowen and Company reiterated a market perform rating and issued a $72.00 price objective (down previously from $75.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Thursday. BidaskClub upgraded SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a buy rating in a report on Thursday, September 28th. Seaport Global Securities reiterated a buy rating and issued a $80.00 price objective (down previously from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Friday, September 8th. Zacks Investment Research cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a sell rating in a report on Wednesday, August 16th. Finally, Jefferies Group LLC cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $80.63.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) traded down 0.03% during midday trading on Friday, reaching $69.39. The company’s stock had a trading volume of 288,747 shares. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $60.21 and a 12-month high of $89.87. The company has a market capitalization of $3.00 billion, a P/E ratio of 19.38 and a beta of 1.60. The company’s 50-day moving average price is $68.01 and its 200 day moving average price is $72.12.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts forecast that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.61 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, October 12th. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s payout ratio is presently 34.64%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Sei Investments Co. lifted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the 1st quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 39 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in the 1st quarter valued at approximately $132,000. Bank of Montreal Can lifted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 128.3% in the 2nd quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after purchasing an additional 1,071 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after purchasing an additional 47 shares during the period. Finally, GLG Partners LP purchased a new position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in the 2nd quarter valued at approximately $143,000. Institutional investors own 64.42% of the company’s stock.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION 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.

Analyst Recommendations for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)

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