Jefferies Group Reiterates “Hold” Rating for Science Applications International (SAIC)

Science Applications International (NYSE:SAIC)‘s stock had its “hold” rating restated by equities researchers at Jefferies Group in a research note issued to investors on Monday. They presently have a $78.00 price target on the information technology services provider’s stock. Jefferies Group’s target price would suggest a potential downside of 0.86% from the stock’s previous close.

A number of other brokerages have also weighed in on SAIC. Zacks Investment Research lowered Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday, December 13th. BidaskClub raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Citigroup raised Science Applications International from a “neutral” rating to a “buy” rating in a research report on Monday, October 23rd. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Friday, December 8th. Finally, Cowen reissued a “hold” rating and issued a $72.00 price target on shares of Science Applications International in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Science Applications International currently has a consensus rating of “Hold” and an average target price of $82.38.

Shares of Science Applications International (NYSE SAIC) traded up $0.69 during trading hours on Monday, hitting $78.68. The stock had a trading volume of 171,073 shares, compared to its average volume of 213,560. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.34 and a quick ratio of 1.15. Science Applications International has a one year low of $60.21 and a one year high of $89.87. The firm has a market capitalization of $3,360.00, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 4.27 and a beta of 1.61.

In related news, COO Nazzic S. Keene sold 18,772 shares of the stock in a transaction on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.94% of the company’s stock.

A number of large investors have recently made changes to their positions in SAIC. Koch Industries Inc. bought a new position in Science Applications International in the 2nd quarter valued at $600,000. ETF Managers Group LLC bought a new position in Science Applications International in the 2nd quarter valued at $39,049,000. Vanguard Group Inc. grew its stake in Science Applications International by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock valued at $353,833,000 after purchasing an additional 250,102 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Science Applications International by 54.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock valued at $29,147,000 after purchasing an additional 154,429 shares during the period. Finally, Scout Investments Inc. grew its stake in Science Applications International by 84.4% in the 3rd quarter. Scout Investments Inc. now owns 305,849 shares of the information technology services provider’s stock valued at $20,446,000 after purchasing an additional 140,005 shares during the period. Hedge funds and other institutional investors own 64.13% of the company’s stock.

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About Science Applications International

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 (NYSE:SAIC)

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