Science Applications International (NYSE:SAIC) Upgraded at StockNews.com

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a buy rating to a strong-buy rating in a report released on Wednesday.

Several other research analysts have also commented on SAIC. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Citigroup upped their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen raised their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their target price on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $144.38.

Science Applications International Price Performance

NYSE:SAIC opened at $111.42 on Wednesday. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 18.79 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day simple moving average of $132.15 and a 200-day simple moving average of $128.05. Science Applications International has a 1 year low of $108.90 and a 1 year high of $156.34.

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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of SAIC. Larson Financial Group LLC acquired a new position in Science Applications International during the 2nd quarter valued at approximately $27,000. UMB Bank n.a. increased its position in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC raised its stake in Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares during the last quarter. Fifth Third Bancorp raised its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC lifted its position 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 worth $48,000 after acquiring an additional 147 shares during the period. 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 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.