SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) Stock Rating Reaffirmed by SunTrust Banks, Inc.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC)‘s stock had its “buy” rating reissued by research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Friday, October 6th. They presently have a $93.00 target price on the information technology services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 35.15% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $75.00 price objective (down previously from $80.00) on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Tuesday, June 13th. Cowen and Company reaffirmed a “hold” rating and issued a $75.00 price objective on shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION in a research note on Friday, September 8th. Jefferies Group LLC lowered shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.63.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC) opened at 68.81 on Friday. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION has a 12-month low of $60.21 and a 12-month high of $89.87. The firm’s 50-day moving average price is $67.79 and its 200 day moving average price is $71.32. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 19.22 and a beta of 1.61.

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.85 EPS. SCIENCE APPLICATIONS INTERNATIONAL CORPORATION’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts expect that SCIENCE APPLICATIONS INTERNATIONAL CORPORATION will post $3.59 EPS for the current fiscal year.

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In other news, COO Nazzic S. Keene sold 18,772 shares of the firm’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.94% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock worth $353,833,000 after purchasing an additional 250,102 shares during the period. BlackRock Inc. raised its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 1.4% during the 2nd quarter. BlackRock Inc. now owns 4,463,494 shares of the information technology services provider’s stock worth $309,855,000 after acquiring an additional 60,206 shares during the period. State Street Corp raised its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 4.8% during the 2nd quarter. State Street Corp now owns 1,503,586 shares of the information technology services provider’s stock worth $104,381,000 after acquiring an additional 69,187 shares during the period. Northern Trust Corp raised its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 4.0% during the 2nd quarter. Northern Trust Corp now owns 730,339 shares of the information technology services provider’s stock worth $50,700,000 after acquiring an additional 28,257 shares during the period. Finally, AQR Capital Management LLC raised its stake in SCIENCE APPLICATIONS INTERNATIONAL CORPORATION by 37.7% during the 1st quarter. AQR Capital Management LLC now owns 692,178 shares of the information technology services provider’s stock worth $51,498,000 after acquiring an additional 189,603 shares during the period. Hedge funds and other institutional investors own 64.46% 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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