Science Applications International (NASDAQ:SAIC) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Science Applications International (NASDAQ:SAIC) from a buy rating to a strong-buy rating in a research report released on Sunday morning,Wall Street Zen reports.

SAIC has been the subject of a number of other research reports. UBS Group boosted their price objective on shares of Science Applications International from $108.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Citigroup lifted their price target on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Weiss Ratings downgraded Science Applications International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price target on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $125.22.

Science Applications International Price Performance

SAIC stock opened at $132.61 on Friday. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $142.66. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 15.51 and a beta of 0.30. The business’s fifty day moving average price is $125.57 and its two-hundred day moving average price is $110.19.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the business posted $3.63 earnings per share. Science Applications International’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts anticipate that Science Applications International will post 10.77 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Insider Activity at Science Applications International

In other news, Director C. David Cush purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the acquisition, the director owned 1,000 shares in the company, valued at approximately $132,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

Institutional Trading of Science Applications International

Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC raised its position in Science Applications International by 304.9% during the fourth quarter. Rothschild Investment LLC now owns 745 shares of the company’s stock valued at $75,000 after purchasing an additional 561 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Science Applications International by 94.2% in the 4th quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock valued at $91,000 after purchasing an additional 438 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Science Applications International by 155.7% in the 2nd quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock valued at $94,000 after purchasing an additional 520 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Science Applications International by 86.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock valued at $135,000 after purchasing an additional 570 shares during the last quarter. Finally, First Command Advisory Services Inc. raised its holdings in shares of Science Applications International by 32.4% during the 4th quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company’s stock worth $160,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.