Cowen and Company reiterated their market perform rating on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) in a report published on Thursday morning. They currently have a $72.00 price target on the information technology services provider’s stock, down from their previous price target of $75.00.

SAIC has been the topic of a number of other research reports. BidaskClub upgraded shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a buy rating in a research note on Thursday, September 28th. Wells Fargo & Company restated a market perform rating and set a $75.00 target price (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Tuesday, June 13th. Seaport Global Securities restated a buy rating and set a $80.00 target price (down previously from $83.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday, September 8th. Zacks Investment Research cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a sell rating in a research note on Wednesday, August 16th. Finally, ValuEngine cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $78.86.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) traded down 0.03% during mid-day trading on Thursday, hitting $69.39. 288,747 shares of the stock traded hands. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 19.38 and a beta of 1.60. The company’s 50 day moving average price is $68.02 and its 200-day moving average price is $72.25. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 1-year low of $60.21 and a 1-year high of $89.87.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last released its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted $0.85 EPS. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s revenue was down 1.6% on a year-over-year basis. Analysts predict 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. Shareholders of record on Friday, October 13th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Thursday, October 12th. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s payout ratio is 34.64%.

Several institutional investors have recently added to or reduced their stakes in SAIC. BlackRock Inc. raised its position in shares of 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 valued at $327,604,000 after buying an additional 4,382,859 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the second quarter valued at approximately $600,000. ETF Managers Group LLC bought a new stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION during the second quarter valued at approximately $39,049,000. Vanguard Group Inc. raised its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 11.3% during the first quarter. Vanguard Group Inc. now owns 4,846,874 shares of the information technology services provider’s stock valued at $360,608,000 after buying an additional 490,948 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of 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 valued at $37,788,000 after buying an additional 243,080 shares during the last quarter. Hedge funds and other institutional investors 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)

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