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

Science Applications International (NYSE:SAIC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

SAIC has been the topic of several other reports. The Goldman Sachs Group cut their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. JPMorgan Chase & Co. dropped their price target on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 19th. Truist Financial reaffirmed a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th. Finally, Wells Fargo & Company upped their price target on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus price target of $127.60.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $124.04 on Wednesday. The company’s fifty day moving average is $133.43 and its two-hundred day moving average is $124.61. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Science Applications International has a 12-month low of $95.43 and a 12-month high of $145.17. The company has a market cap of $6.41 billion, a P/E ratio of 14.02 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $2.04 earnings per share. Science Applications International’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts expect that Science Applications International will post 8.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Science Applications International news, EVP Vincent P. Difronzo bought 795 shares of the stock in a transaction on Friday, April 12th. The shares were purchased at an average cost of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $125.64, for a total transaction of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vincent P. Difronzo purchased 795 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The disclosure for this purchase can be found here. Company insiders own 1.29% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its stake in shares of Science Applications International by 108.7% in the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock valued at $5,702,000 after buying an additional 28,139 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Science Applications International by 12,348.8% in the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after buying an additional 91,134 shares during the period. FMR LLC lifted its stake in shares of Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after buying an additional 328,426 shares during the period. Invesco Ltd. lifted its stake in shares of Science Applications International by 11.7% in the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider’s stock valued at $65,030,000 after buying an additional 64,406 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Science Applications International in the third quarter valued at about $422,000. 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.