Positive Press Coverage Very Unlikely to Impact Science Applications International Corporation (SAIC) Stock Price

News coverage about Science Applications International Corporation (NYSE:SAIC) has trended positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Science Applications International Corporation earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 22 out of 100, meaning that recent media coverage is very unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern’s rankings:

A number of analysts have issued reports on the company. Jefferies Group LLC downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Cowen and Company reissued a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a research report on Monday, May 15th. ValuEngine downgraded Science Applications International Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Wells Fargo & Company reissued a “market perform” rating and issued a $75.00 target price (down from $80.00) on shares of Science Applications International Corporation in a research report on Tuesday, June 13th. Finally, Citigroup Inc. decreased their target price on Science Applications International Corporation from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Monday, April 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Science Applications International Corporation presently has an average rating of “Hold” and a consensus price target of $81.63.

Science Applications International Corporation (NYSE:SAIC) opened at 70.60 on Tuesday. The stock has a market capitalization of $3.08 billion, a PE ratio of 19.66 and a beta of 1.65. The stock has a 50 day moving average price of $73.95 and a 200 day moving average price of $79.84. Science Applications International Corporation has a 12 month low of $58.99 and a 12 month high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last posted its quarterly earnings data on Monday, June 12th. The information technology services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.04 by $0.04. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Science Applications International Corporation had a return on equity of 47.08% and a net margin of 3.78%. Science Applications International Corporation’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. On average, equities research analysts forecast that Science Applications International Corporation will post $3.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, July 14th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. Science Applications International Corporation’s dividend payout ratio (DPR) is 34.54%.

In other news, insider Douglas Martin Wagoner sold 30,072 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $68.95, for a total value of $2,073,464.40. Following the completion of the sale, the insider now directly owns 8,859 shares in the company, valued at approximately $610,828.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 44,472 shares of company stock valued at $3,119,732 over the last 90 days. 2.28% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Science Applications International Corporation (NYSE:SAIC)

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