Science Applications International (NYSE:SAIC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a buy rating to a strong-buy rating in a research note published on Monday.

Several other equities analysts have also commented on SAIC. Citigroup upped their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday. Barclays upped their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. TD Cowen upped their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Truist Financial upped their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Moderate Buy” and an average target price of $145.25.

Science Applications International Trading Down 1.7 %

Shares of NYSE SAIC opened at $116.07 on Monday. The stock’s 50 day moving average price is $137.62 and its two-hundred day moving average price is $129.23. Science Applications International has a 52-week low of $112.00 and a 52-week high of $156.34. The stock has a market capitalization of $5.75 billion, a P/E ratio of 19.57 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is 24.96%.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Cetera Investment Advisers grew its holdings in Science Applications International by 776.8% in the 1st quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider’s stock worth $2,474,000 after buying an additional 16,809 shares in the last quarter. Cetera Advisors LLC bought a new position in Science Applications International during the 1st quarter valued at $497,000. CWM LLC boosted its stake in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 147 shares in the last quarter. SG Americas Securities LLC boosted its stake in Science Applications International by 16.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,845 shares of the information technology services provider’s stock valued at $1,275,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Science Applications International by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider’s stock valued at $485,000 after purchasing an additional 167 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

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 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.