Science Applications International (NYSE:SAIC) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Friday, ValuEngine reports.

Other equities analysts also recently issued research reports about the company. Drexel Hamilton reaffirmed a “buy” rating and set a $90.00 price target on shares of Science Applications International in a research report on Thursday, January 24th. Zacks Investment Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Thursday, January 17th. Citigroup started coverage on Science Applications International in a research report on Tuesday, February 19th. They set a “buy” rating for the company. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and upped their price target for the stock from $83.00 to $108.00 in a research report on Friday, March 29th. Finally, TheStreet downgraded Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $88.38.

NYSE:SAIC opened at $78.26 on Friday. Science Applications International has a twelve month low of $58.19 and a twelve month high of $93.31. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 2.66 and a beta of 1.52.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.28. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts forecast that Science Applications International will post 5.02 earnings per share for the current fiscal year.

In other news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the sale, the chief executive officer now owns 59,151 shares in the company, valued at approximately $4,436,325. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.05% of the company’s stock.

Several institutional investors have recently made changes to their positions in SAIC. Boston Partners bought a new stake in shares of Science Applications International during the 1st quarter worth approximately $95,003,000. BlackRock Inc. raised its stake in shares of Science Applications International by 18.9% during the 1st quarter. BlackRock Inc. now owns 5,766,169 shares of the information technology services provider’s stock worth $443,706,000 after purchasing an additional 915,937 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of Science Applications International during the 1st quarter worth approximately $49,406,000. Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter worth approximately $40,011,000. Finally, Ronna Sue Cohen raised its stake in shares of Science Applications International by 7,630.5% during the 1st quarter. Ronna Sue Cohen now owns 452,081 shares of the information technology services provider’s stock worth $452,000 after purchasing an additional 446,233 shares in the last quarter. Institutional investors own 69.53% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

Further Reading: Return on Investment (ROI) Defined, Explained

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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