Science Applications International (NASDAQ:SAIC) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

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

A number of other research analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. Stifel Nicolaus boosted their price objective on shares of Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Citigroup upped their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. UBS Group raised their target price on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group raised their target price on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus target price of $125.22.

Check Out Our Latest Research Report on Science Applications International

Science Applications International Price Performance

Shares of SAIC stock opened at $133.19 on Friday. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $142.66. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $5.58 billion, a price-to-earnings ratio of 15.58 and a beta of 0.30. The stock’s 50-day simple moving average is $123.81 and its 200-day simple moving average is $108.85.

Science Applications International (NASDAQ:SAIC – Get Free Report) last announced its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. Science Applications International’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $3.63 EPS. As a group, equities analysts forecast that Science Applications International will post 10.78 earnings per share for the current fiscal year.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Science Applications International by 13.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after purchasing an additional 185,066 shares during the period. Norges Bank acquired a new stake in Science Applications International during the 4th quarter worth about $53,403,000. River Road Asset Management LLC grew its position in Science Applications International by 44.4% during the 4th quarter. River Road Asset Management LLC now owns 479,677 shares of the company’s stock worth $48,284,000 after purchasing an additional 147,438 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Science Applications International by 1.5% during the 1st quarter. Bank of New York Mellon Corp now owns 431,455 shares of the company’s stock valued at $40,954,000 after buying an additional 6,179 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Science Applications International by 17.5% during the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after buying an additional 56,720 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

(Get Free Report)

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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