Science Applications International (SAIC) Given Hold Rating at Jefferies Group

Jefferies Group reissued their hold rating on shares of Science Applications International (NYSE:SAIC) in a research report report published on Monday. The firm currently has a $78.00 target price on the information technology services provider’s stock.

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Science Applications International from a hold rating to a buy rating in a research report on Thursday, September 28th. Citigroup upgraded shares of Science Applications International from a neutral rating to a buy rating in a research report on Monday, October 23rd. SunTrust Banks reiterated a buy rating and issued a $93.00 target price on shares of Science Applications International in a research report on Friday, October 6th. Vertical Research upgraded shares of Science Applications International from a hold rating to a buy rating and set a $83.00 target price for the company in a research report on Friday, December 8th. Finally, Zacks Investment Research upgraded shares of Science Applications International from a hold rating to a buy rating and set a $90.00 target price for the company in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $82.38.

Shares of Science Applications International (NYSE:SAIC) traded down $0.50 on Monday, reaching $78.25. 172,617 shares of the company were exchanged, compared to its average volume of 204,689. The company has a market cap of $3,350.00, a price-to-earnings ratio of 21.44, a PEG ratio of 4.27 and a beta of 1.61. The company has a quick ratio of 1.15, a current ratio of 1.34 and a debt-to-equity ratio of 3.09. Science Applications International has a 12-month low of $60.21 and a 12-month high of $89.87.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, January 11th. Science Applications International’s payout ratio is 33.97%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in Science Applications International by 13.4% in the 2nd quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 186 shares during the last quarter. GLG Partners LP acquired a new stake in Science Applications International in the 2nd quarter valued at about $143,000. Riverhead Capital Management LLC lifted its holdings in Science Applications International by 62.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after acquiring an additional 930 shares during the last quarter. Stifel Financial Corp lifted its holdings in Science Applications International by 4.6% in the 2nd quarter. Stifel Financial Corp now owns 2,927 shares of the information technology services provider’s stock valued at $203,000 after acquiring an additional 128 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in Science Applications International in the 3rd quarter valued at about $221,000. 64.13% of the stock is owned by institutional investors.

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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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