Science Applications International (NYSE:SAIC) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a hold rating to a buy rating in a report released on Thursday morning.

Other analysts have also issued reports about the stock. Truist Financial increased their price target on shares of Science Applications International from $115.00 to $130.00 and gave the stock a hold rating in a research report on Tuesday, December 5th. Wells Fargo & Company increased their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an equal weight rating in a research report on Tuesday, March 19th. The Goldman Sachs Group reduced their price target on shares of Science Applications International from $113.00 to $110.00 and set a sell rating for the company in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $142.00 to $140.00 and set a neutral rating for the company in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International presently has a consensus rating of Hold and a consensus target price of $127.50.

Science Applications International Price Performance

SAIC stock opened at $130.39 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. Science Applications International has a one year low of $95.43 and a one year high of $145.17. The firm has a market capitalization of $6.73 billion, a PE ratio of 16.49 and a beta of 0.71. The firm has a 50-day moving average of $133.86 and a two-hundred day moving average of $122.58.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company posted $2.04 earnings per share. Science Applications International’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts forecast that Science Applications International will post 8.11 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.14%. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Donna S. Morea sold 1,209 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $125.11, for a total transaction of $151,257.99. Following the transaction, the director now owns 31,834 shares in the company, valued at $3,982,751.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Science Applications International news, Director Donna S. Morea sold 1,209 shares of the stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $125.11, for a total transaction of $151,257.99. Following the transaction, the director now owns 31,834 shares in the company, valued at $3,982,751.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michelle A. O’hara sold 4,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $127.45, for a total value of $509,800.00. Following the transaction, the executive vice president now owns 26,238 shares in the company, valued at approximately $3,344,033.10. The disclosure for this sale can be found here. Corporate insiders own 1.29% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG grew its stake in shares of Science Applications International by 108.7% in the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock worth $5,702,000 after acquiring an additional 28,139 shares during the last quarter. FMR LLC grew its stake in shares of Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after acquiring an additional 328,426 shares during the last quarter. Invesco Ltd. grew its stake in shares of Science Applications International by 11.7% in the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock worth $65,030,000 after acquiring an additional 64,406 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Science Applications International by 0.7% in the second quarter. Westwood Holdings Group Inc. now owns 58,884 shares of the information technology services provider’s stock worth $6,623,000 after acquiring an additional 399 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Science Applications International in the third quarter worth $422,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.