Science Applications International (NYSE:SAIC) Upgraded to Strong-Buy at StockNews.com

Science Applications International (NYSE:SAIC) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

SAIC has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday. Barclays boosted their target price on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Wells Fargo & Company boosted their target price on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Finally, Citigroup lifted their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.25.

Science Applications International Trading Down 1.7 %

Shares of SAIC stock traded down $1.99 on Monday, reaching $116.07. 761,695 shares of the company’s stock were exchanged, compared to its average volume of 322,625. Science Applications International has a 52 week low of $112.00 and a 52 week high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $5.75 billion, a PE ratio of 19.57 and a beta of 0.64. The company’s fifty day simple moving average is $137.62 and its 200 day simple moving average is $129.23.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. As a group, analysts forecast that Science Applications International will post 8.55 EPS for the current year.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently bought and sold shares of SAIC. Larson Financial Group LLC purchased a new stake in shares of Science Applications International in the second quarter valued at approximately $27,000. UMB Bank n.a. grew its position in shares of Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its stake in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC lifted its stake in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.