Science Applications International Corp (NYSE:SAIC) shares traded down 6.9% during mid-day trading on Wednesday . The stock traded as low as $64.69 and last traded at $64.78. 514,661 shares were traded during mid-day trading, an increase of 118% from the average session volume of 236,081 shares. The stock had previously closed at $69.58.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Vertical Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research note on Tuesday, September 11th. Wells Fargo & Co reissued a “hold” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Science Applications International in a research note on Monday, September 10th. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Drexel Hamilton raised Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Science Applications International presently has a consensus rating of “Hold” and an average target price of $86.86.

The company has a market capitalization of $2.95 billion, a PE ratio of 18.35, a P/E/G ratio of 3.08 and a beta of 1.49. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, September 10th. The information technology services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.11 billion. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. Science Applications International’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, equities analysts anticipate that Science Applications International Corp will post 4.51 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of SAIC. Vanguard Group Inc. lifted its holdings in Science Applications International by 7.0% during the third quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock worth $435,631,000 after buying an additional 352,533 shares during the period. Matarin Capital Management LLC purchased a new stake in Science Applications International during the third quarter worth $12,584,000. BlackRock Inc. lifted its holdings in Science Applications International by 3.1% during the second quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock worth $375,682,000 after buying an additional 137,944 shares during the period. AQR Capital Management LLC lifted its holdings in Science Applications International by 14.9% during the third quarter. AQR Capital Management LLC now owns 807,873 shares of the information technology services provider’s stock worth $65,115,000 after buying an additional 104,727 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in Science Applications International by 401.4% during the third quarter. PNC Financial Services Group Inc. now owns 92,133 shares of the information technology services provider’s stock worth $7,426,000 after buying an additional 73,758 shares during the period. Institutional investors own 67.30% of the company’s stock.

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About Science Applications International (NYSE:SAIC)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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