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 published on Monday.

A number of other research firms have also recently weighed in on SAIC. Citigroup upped their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Truist Financial upped their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. TD Cowen upped their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company upped their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned 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 an average price target of $150.43.

Science Applications International Stock Up 0.6 %

Shares of NYSE SAIC opened at $147.19 on Monday. Science Applications International has a 12-month low of $105.97 and a 12-month high of $148.08. The company has a market cap of $7.29 billion, a P/E ratio of 26.47 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a fifty day moving average price of $134.15 and a 200 day moving average price of $127.90.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the firm earned $2.05 EPS. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts anticipate that Science Applications International will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

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

Hedge Funds Weigh In On Science Applications International

Several large investors have recently modified their holdings of SAIC. Virtu Financial LLC acquired a new stake in Science Applications International during the fourth quarter worth about $635,000. Wellington Management Group LLP raised its stake in Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after acquiring an additional 194,160 shares during the period. Quadrature Capital Ltd acquired a new stake in Science Applications International during the fourth quarter worth about $950,000. HighPoint Advisor Group LLC acquired a new stake in Science Applications International during the fourth quarter worth about $884,000. Finally, Global Assets Advisory LLC acquired a new stake in Science Applications International during the first quarter worth about $11,044,000. Institutional investors 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.