Science Applications International (NYSE:SAIC) Downgraded by StockNews.com

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

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Truist Financial increased their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Citigroup boosted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Barclays upped 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 report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.43.

Science Applications International Trading Up 0.1 %

Shares of SAIC opened at $144.05 on Tuesday. The stock’s 50-day moving average price is $136.52 and its 200 day moving average price is $128.49. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International has a 12-month low of $105.97 and a 12-month high of $148.65. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 25.91 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. As a group, research analysts predict that Science Applications International will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors 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 yield of 1.03%. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. Larson Financial Group LLC bought a new stake in shares of Science Applications International during the second quarter valued at approximately $27,000. UMB Bank n.a. boosted its position in 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 buying an additional 171 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after buying an additional 203 shares during the period. Fifth Third Bancorp raised its position in shares of Science Applications International by 30.4% during the second 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 during the last quarter. Finally, CWM LLC lifted its stake in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds 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.