SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) Earns “Hold” Rating from Jefferies Group LLC

Jefferies Group LLC reaffirmed their hold rating on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) in a research report report published on Friday, July 14th, MarketBeat Ratings reports. They currently have a $66.00 price objective on the information technology services provider’s stock.

A number of other research firms have also recently issued reports on SAIC. Vertical Research assumed coverage on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Thursday, March 16th. They issued a hold rating and a $91.00 price target for the company. ValuEngine cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a buy rating to a hold rating in a report on Tuesday, June 13th. Wells Fargo & Company reaffirmed a market perform rating and issued a $75.00 price target (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a report on Tuesday, June 13th. Zacks Investment Research raised shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a hold rating to a buy rating and set a $85.00 price target for the company in a report on Thursday, June 1st. Finally, Citigroup Inc. decreased their price target on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from $86.00 to $83.00 and set a neutral rating for the company in a report on Monday, April 3rd. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $81.63.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) traded down 1.08% during midday trading on Friday, reaching $71.55. 156,806 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $71.05 and its 200-day moving average is $77.55. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $59.68 and a 12-month high of $89.87. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 19.92 and a beta of 1.65.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last posted its earnings results on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.04. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION had a net margin of 3.78% and a return on equity of 47.08%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, equities analysts forecast that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.79 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first reported by [[site]] and is the property of of [[site]]. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at [[permalink]].

The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 14th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.73%. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s dividend payout ratio (DPR) is presently 34.54%.

In related news, insider Douglas Martin Wagoner sold 30,072 shares of the firm’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $68.95, for a total transaction of $2,073,464.40. Following the completion of the transaction, the insider now owns 8,859 shares of the company’s stock, valued at $610,828.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 44,472 shares of company stock valued at $3,119,732. 2.28% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Ronna Sue Cohen boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.4% in the first quarter. Ronna Sue Cohen now owns 5,753 shares of the information technology services provider’s stock valued at $428,000 after buying an additional 21 shares during the period. Sei Investments Co. boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.9% in the first quarter. Sei Investments Co. now owns 1,385 shares of the information technology services provider’s stock valued at $103,000 after buying an additional 39 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,953 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 47 shares during the period. Creative Planning boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.3% in the second quarter. Creative Planning now owns 16,613 shares of the information technology services provider’s stock valued at $1,153,000 after buying an additional 51 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 0.5% in 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 buying an additional 100 shares during the period. 68.24% of the stock is owned by hedge funds and other institutional investors.

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.