Science Applications International (NASDAQ:SAIC) Raised to “Strong-Buy” at Wall Street Zen

by · The Cerbat Gem

Science Applications International (NASDAQ:SAIC – Get Free Report) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Citigroup upped their target price on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group raised their price target on shares of Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group boosted their price objective on shares of Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Stifel Nicolaus upped their price objective on shares of Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Finally, Truist Financial increased their target price on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average price target of $125.22.

Get Our Latest Research Report on Science Applications International

Science Applications International Stock Performance

SAIC opened at $130.93 on Friday. The firm has a market capitalization of $5.49 billion, a P/E ratio of 15.31 and a beta of 0.30. The stock’s 50 day moving average price is $125.94 and its two-hundred day moving average price is $110.48. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71. Science Applications International has a 12-month low of $81.08 and a 12-month high of $142.66.

Science Applications International (NASDAQ:SAIC – Get Free Report) last issued its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. On average, equities analysts forecast that Science Applications International will post 10.77 earnings per share for the current year.

Insider Buying and Selling at Science Applications International

In related news, Director C. David Cush acquired 1,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average cost of $132.50 per share, for a total transaction of $132,500.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately $132,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Science Applications International

Institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC raised its stake in Science Applications International by 304.9% during the fourth quarter. Rothschild Investment LLC now owns 745 shares of the company’s stock worth $75,000 after acquiring an additional 561 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Science Applications International by 155.7% during the second quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock valued at $94,000 after acquiring an additional 520 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Science Applications International by 94.2% in the 4th quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock valued at $91,000 after purchasing an additional 438 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Science Applications International by 86.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock valued at $135,000 after purchasing an additional 570 shares in the last quarter. Finally, First Command Advisory Services Inc. grew its holdings in shares of Science Applications International by 32.4% in the 4th quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company’s stock worth $160,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

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Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.

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