BidaskClub upgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on SAIC. Zacks Investment Research cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a sell rating in a research report on Wednesday, August 16th. Wells Fargo & Company reiterated a market perform rating and issued a $75.00 price target (down from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a hold rating and issued a $66.00 price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, July 14th. ValuEngine cut SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a research report on Tuesday, June 13th. Finally, Seaport Global Securities reiterated a buy rating and issued a $80.00 price target (down from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $80.00.

Shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 66.85 on Thursday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $60.21 and a 12-month high of $89.87. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 18.67 and a beta of 1.64. The stock’s 50 day moving average price is $69.46 and its 200 day moving average price is $73.82.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last announced its quarterly 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 company 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%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. Equities research analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.61 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This report was first reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/science-applications-international-corporation-saic-lifted-to-buy-at-bidaskclub/1600528.html.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 80.7% during the second quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock worth $37,788,000 after buying an additional 243,080 shares in the last quarter. Comerica Bank grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% during the second quarter. Comerica Bank now owns 56,824 shares of the information technology services provider’s stock worth $3,958,000 after buying an additional 191 shares in the last quarter. Smith Asset Management Group LP grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.7% during the second quarter. Smith Asset Management Group LP now owns 45,653 shares of the information technology services provider’s stock worth $3,169,000 after buying an additional 330 shares in the last quarter. Principal Financial Group Inc. grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.8% during the first quarter. Principal Financial Group Inc. now owns 194,988 shares of the information technology services provider’s stock worth $14,508,000 after buying an additional 1,571 shares in the last quarter. Finally, BlackRock Inc. grew its position in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 21,454.1% during the first quarter. BlackRock Inc. now owns 4,403,288 shares of the information technology services provider’s stock worth $327,604,000 after buying an additional 4,382,859 shares in the last quarter. Institutional investors and hedge funds own 64.42% of the company’s stock.

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)

Receive News & Ratings for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SCIENCE APPLICATIONS INTERNATIONAL CORPORATION and related companies with Analyst Ratings Network's FREE daily email newsletter.