Science Applications International (NASDAQ:SAIC) Upgraded by Wall Street Zen to Buy Rating

Science Applications International (NASDAQ:SAIC) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also commented on SAIC. The Goldman Sachs Group reduced their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. UBS Group boosted their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Stifel Nicolaus cut their target price on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Science Applications International currently has a consensus rating of “Hold” and a consensus target price of $112.44.

Science Applications International Stock Performance

NASDAQ SAIC opened at $100.11 on Friday. Science Applications International has a 52-week low of $81.08 and a 52-week high of $124.11. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $4.35 billion, a P/E ratio of 13.02 and a beta of 0.30. The company has a fifty day moving average of $94.40 and a 200-day moving average of $97.08.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm earned $2.57 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently added to or reduced their stakes in SAIC. Los Angeles Capital Management LLC bought a new position in shares of Science Applications International during the fourth quarter valued at about $25,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after purchasing an additional 215 shares during the period. Quent Capital LLC bought a new stake in shares of Science Applications International in the third quarter worth about $29,000. Wexford Capital LP purchased a new position in Science Applications International during the 3rd quarter valued at about $29,000. Finally, Rakuten Securities Inc. increased its holdings in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.