BidaskClub Downgrades Science Applications International Corporation (SAIC) to Buy

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

Other equities analysts have also recently issued research reports about the stock. Jefferies Group LLC reissued a “hold” rating and set a $66.00 target price on shares of Science Applications International Corporation in a research report on Friday, July 14th. Zacks Investment Research cut shares of Science Applications International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Citigroup Inc. upgraded shares of Science Applications International Corporation from a “neutral” rating to a “buy” rating in a research note on Monday, October 23rd. Finally, Cowen and Company reiterated a “market perform” rating and issued a $72.00 price objective (down from $75.00) on shares of Science Applications International Corporation in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Science Applications International Corporation has a consensus rating of “Hold” and a consensus price target of $80.71.

Shares of Science Applications International Corporation (SAIC) opened at $69.48 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $2,935.60, a PE ratio of 18.50, a price-to-earnings-growth ratio of 3.82 and a beta of 1.62. Science Applications International Corporation has a 1-year low of $60.21 and a 1-year high of $89.87.

Science Applications International Corporation (NYSE:SAIC) last issued its earnings results on Thursday, September 7th. The information technology services provider reported $0.89 EPS for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $1.08 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. sell-side analysts predict that Science Applications International Corporation will post 3.55 earnings per share for the current year.

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In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $68.85, for a total value of $1,292,452.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.94% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SAIC. Sei Investments Co. raised its stake in shares of Science Applications International Corporation by 13.4% during the second quarter. Sei Investments Co. now owns 1,571 shares of the information technology services provider’s stock valued at $109,000 after acquiring an additional 186 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Science Applications International Corporation by 128.3% during the second quarter. Bank of Montreal Can now owns 1,906 shares of the information technology services provider’s stock valued at $132,000 after acquiring an additional 1,071 shares during the last quarter. GLG Partners LP bought a new position in shares of Science Applications International Corporation during the second quarter valued at about $143,000. Riverhead Capital Management LLC raised its stake in shares of Science Applications International Corporation by 62.0% during the second quarter. Riverhead Capital Management LLC now owns 2,430 shares of the information technology services provider’s stock valued at $169,000 after acquiring an additional 930 shares during the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Science Applications International Corporation during the first quarter valued at about $208,000. 64.57% of the stock is owned by institutional investors and hedge funds.

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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