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

Science Applications International (NYSE:SAIC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

SAIC has been the subject of a number of other research reports. Truist Financial lifted their target price on shares of Science Applications International from $115.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, December 5th. JPMorgan Chase & Co. dropped their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $127.50.

Science Applications International Price Performance

SAIC traded up $0.31 during midday trading on Thursday, reaching $130.39. 202,059 shares of the company’s stock were exchanged, compared to its average volume of 311,242. Science Applications International has a one year low of $95.43 and a one year high of $145.17. The business has a 50-day simple moving average of $133.86 and a two-hundred day simple moving average of $122.58. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 14.73 and a beta of 0.71.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $2.04 EPS. The business’s revenue was down 11.7% on a year-over-year basis. As a group, research analysts predict that Science Applications International will post 8.11 EPS for the current year.

Insiders Place Their Bets

In other Science Applications International news, EVP Michelle A. O’hara sold 4,000 shares of Science Applications International stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $127.45, for a total transaction of $509,800.00. Following the completion of the sale, the executive vice president now owns 26,238 shares of the company’s stock, valued at approximately $3,344,033.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Science Applications International news, EVP Michelle A. O’hara sold 4,000 shares of Science Applications International stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $127.45, for a total transaction of $509,800.00. Following the completion of the sale, the executive vice president now owns 26,238 shares of the company’s stock, valued at approximately $3,344,033.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna S. Morea sold 1,209 shares of Science Applications International stock in a transaction on Monday, January 8th. The stock was sold at an average price of $125.11, for a total transaction of $151,257.99. Following the sale, the director now directly owns 31,834 shares of the company’s stock, valued at approximately $3,982,751.74. The disclosure for this sale can be found here. Company insiders own 1.29% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Institutional investors and hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in shares of Science Applications International in the 4th quarter valued at $25,000. CVA Family Office LLC acquired a new position in Science Applications International in the 4th quarter worth $26,000. Quarry LP boosted its stake in Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 109 shares during the period. Gradient Investments LLC boosted its stake in Science Applications International by 1,104.8% in the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.