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

Science Applications International (NYSE:SAIC) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research note on Friday, October 11th. Truist Financial boosted their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. Barclays upped 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. TD Cowen lifted their target price on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average price target of $150.43.

Science Applications International Price Performance

SAIC opened at $147.02 on Tuesday. The company has a fifty day moving average price of $135.68 and a two-hundred day moving average price of $128.27. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $7.28 billion, a PE ratio of 26.44 and a beta of 0.70. Science Applications International has a 52 week low of $105.97 and a 52 week high of $148.65.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data 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. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. As a group, analysts anticipate that Science Applications International will post 8.2 earnings per share for the current year.

Institutional Investors Weigh In On Science Applications International

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its holdings in shares of Science Applications International by 122.7% in the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after purchasing an additional 113,260 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after purchasing an additional 56,414 shares in the last quarter. Sei Investments Co. increased its stake in Science Applications International by 53.9% in the 1st quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock valued at $11,284,000 after buying an additional 30,325 shares during the last quarter. American Century Companies Inc. lifted its position in Science Applications International by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock worth $44,524,000 after buying an additional 28,304 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Science Applications International by 9.7% during the 2nd quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after buying an additional 27,664 shares during 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.