Science Applications International Corporation (SAIC) Cut to “Buy” at BidaskClub

Science Applications International Corporation (NYSE:SAIC) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, November 4th.

SAIC has been the subject of several other research reports. Cowen and Company reissued a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a report on Friday, September 8th. Wells Fargo & Company raised Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Wednesday, October 25th. Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Citigroup Inc. raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Zacks Investment Research lowered Science Applications International Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Science Applications International Corporation currently has an average rating of “Hold” and an average target price of $80.71.

Science Applications International Corporation (NYSE SAIC) traded down $0.80 on Friday, reaching $70.94. 208,700 shares of the company’s stock were exchanged, compared to its average volume of 318,495. The stock has a market cap of $3,070.00, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 4.04 and a beta of 1.63. Science Applications International Corporation has a 1 year low of $60.21 and a 1 year high of $89.87. The company has a quick ratio of 1.23, a current ratio of 1.41 and a debt-to-equity ratio of 3.10.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a net margin of 3.77% and a return on equity of 48.69%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. sell-side analysts forecast that Science Applications International Corporation will post 3.55 EPS for the current fiscal year.

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In related news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total transaction of $1,292,452.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.94% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its holdings in Science Applications International Corporation by 213.7% in the third quarter. Public Employees Retirement System of Ohio now owns 35,630 shares of the information technology services provider’s stock worth $2,382,000 after purchasing an additional 24,273 shares in the last quarter. Cetera Advisor Networks LLC bought a new position in Science Applications International Corporation in the third quarter worth $223,000. Point72 Asset Management L.P. purchased a new stake in shares of Science Applications International Corporation in the third quarter worth $3,657,000. Jane Street Group LLC purchased a new stake in shares of Science Applications International Corporation in the third quarter worth $1,050,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Science Applications International Corporation by 54.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock worth $29,147,000 after acquiring an additional 154,429 shares during the last quarter. Institutional investors and hedge funds own 62.60% of the company’s stock.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

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