Science Applications International (NYSE:SAIC) Stock Rating Upgraded by StockNews.com

Science Applications International (NYSE:SAIC) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Several other equities analysts also recently weighed in on SAIC. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays lifted their target price on shares of 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. Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, TD Cowen lifted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.25.

Science Applications International Price Performance

Shares of NYSE SAIC traded down $1.99 during mid-day trading on Monday, reaching $116.07. The company’s stock had a trading volume of 761,695 shares, compared to its average volume of 322,625. The stock has a 50-day moving average of $137.62 and a two-hundred day moving average of $129.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $5.75 billion, a P/E ratio of 19.57 and a beta of 0.64. Science Applications International has a 1-year low of $112.00 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. On average, equities research analysts anticipate that Science Applications International will post 8.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAIC. 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 holdings in Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares in the last quarter. Bank of Montreal Can grew its holdings in Science Applications International by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after acquiring an additional 90 shares in the last quarter. CWM LLC grew its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Science Applications International by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 14,460 shares of the information technology services provider’s stock worth $1,700,000 after acquiring an additional 152 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 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.