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 report report published on Monday.

Several other research analysts have also weighed in on SAIC. Truist Financial increased their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a research note on Friday, September 6th. TD Cowen lifted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a report on Friday, September 6th. JPMorgan Chase & Co. upgraded Science Applications International from a neutral rating to an overweight rating and upped their price target for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Citigroup lifted their price objective on Science Applications International from $160.00 to $176.00 and gave the company a buy rating in a research note on Thursday, October 10th. Finally, Barclays increased their target price on Science Applications International from $135.00 to $150.00 and gave the stock an equal weight rating in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International has an average rating of Moderate Buy and a consensus price target of $150.43.

Science Applications International Stock Up 1.1 %

Shares of NYSE SAIC opened at $146.08 on Monday. Science Applications International has a 1 year low of $105.97 and a 1 year high of $146.42. The company has a market capitalization of $7.23 billion, a P/E ratio of 26.27 and a beta of 0.70. The company has a 50 day simple moving average of $133.07 and a 200-day simple moving average of $127.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. On average, equities research analysts predict that Science Applications International will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.01%. Science Applications International’s payout ratio is 26.62%.

Institutional Trading of Science Applications International

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Science Applications International by 30.4% during 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 in the last quarter. Cetera Investment Advisers grew its stake in shares of Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after purchasing an additional 87 shares in the last quarter. Bank of Montreal Can increased its holdings in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after buying an additional 90 shares during the last quarter. State of Michigan Retirement System raised its stake in Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after buying an additional 100 shares in the last quarter. Finally, Oliver Luxxe Assets LLC lifted its holdings in Science Applications International by 1.3% during the 1st quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock worth $1,187,000 after buying an additional 119 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other 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.