Science Applications International (NYSE:SAIC) Rating Increased to Buy at StockNews.com

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

Several other analysts also recently commented on SAIC. Truist Financial restated a “hold” rating and issued a $130.00 target price on shares of Science Applications International in a research note on Friday, April 12th. The Goldman Sachs Group cut their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Finally, Wells Fargo & Company lifted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $127.60.

Science Applications International Price Performance

SAIC stock opened at $123.18 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. Science Applications International has a 52-week low of $95.43 and a 52-week high of $145.17. The company has a market capitalization of $6.36 billion, a P/E ratio of 13.92 and a beta of 0.70. The company has a fifty day moving average price of $133.22 and a 200-day moving average price of $124.60.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $2.04 earnings per share. The business’s revenue was down 11.7% on a year-over-year basis. As a group, equities analysts expect that Science Applications International will post 8.11 EPS for the current year.

Insider Activity at Science Applications International

In other news, CEO Toni Townes-Whitley bought 3,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares in the company, valued at $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Toni Townes-Whitley bought 3,000 shares of Science Applications International stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of $125.96 per share, with a total value of $377,880.00. Following the completion of the acquisition, the chief executive officer now owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in shares of Science Applications International by 108.7% during the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock valued at $5,702,000 after buying an additional 28,139 shares during the last quarter. International Assets Investment Management LLC raised its position in Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after acquiring an additional 91,134 shares in the last quarter. FMR LLC lifted its holdings in 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 valued at $297,969,000 after acquiring an additional 328,426 shares during the period. Invesco Ltd. lifted its holdings in 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 valued at $65,030,000 after acquiring an additional 64,406 shares during the period. Finally, Versor Investments LP purchased a new stake in Science Applications International in the 3rd quarter worth approximately $422,000. Hedge funds and other 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.