Science Applications International (NYSE:SAIC) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

A number of other research analysts also recently issued reports on SAIC. Barclays boosted 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. UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Truist Financial increased their price target on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Wells Fargo & Company raised their target price on shares of Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group cut their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Moderate Buy” and an average price target of $144.38.

Science Applications International Price Performance

SAIC opened at $111.12 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $133.46 and its 200 day simple moving average is $128.22. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64. Science Applications International has a 1 year low of $110.61 and a 1 year high of $156.34.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Buying and Selling

In related news, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently bought and sold shares of SAIC. Larson Financial Group LLC bought a new position in Science Applications International in the second quarter worth approximately $27,000. UMB Bank n.a. boosted its holdings in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC boosted its position in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. Institutional investors 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.