Science Applications International (NYSE:SAIC) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday.

SAIC has been the subject of several other reports. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. Citigroup upped their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, TD Cowen upped their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Stock Down 2.9 %

SAIC stock opened at $111.12 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $133.46 and its two-hundred day moving average price is $128.22. Science Applications International has a fifty-two week low of $110.61 and a fifty-two week high of $156.34. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is 24.96%.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Farther Finance Advisors LLC grew its holdings in Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after buying an additional 4,939 shares in the last quarter. Seizert Capital Partners LLC grew its position in shares of Science Applications International by 36.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the period. Cassaday & Co Wealth Management LLC boosted its stake in Science Applications International by 59.7% during the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after buying an additional 4,796 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares in the last quarter. Institutional investors 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.