Science Applications International (SAIC) Upgraded to “Buy” at ValuEngine

Science Applications International (NYSE:SAIC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday, March 8th. Jefferies Group set a $83.00 price target on shares of Science Applications International and gave the stock a “hold” rating in a report on Sunday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Science Applications International has a consensus rating of “Buy” and an average target price of $81.86.

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Shares of SAIC stock traded up $1.85 during trading on Wednesday, reaching $85.97. The company’s stock had a trading volume of 469,382 shares, compared to its average volume of 249,875. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.27 and a current ratio of 1.37. The stock has a market capitalization of $3,560.25, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 3.89 and a beta of 1.41. Science Applications International has a 1-year low of $60.21 and a 1-year high of $88.49.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. research analysts forecast that Science Applications International will post 4.28 EPS for the current fiscal year.

In other news, COO Nazzic S. Keene sold 24,838 shares of the business’s stock in a transaction that occurred on Friday, April 6th. The shares were sold at an average price of $83.76, for a total transaction of $2,080,430.88. Following the completion of the sale, the chief operating officer now owns 50,690 shares in the company, valued at approximately $4,245,794.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anthony J. Moraco sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $82.88, for a total transaction of $6,630,400.00. The disclosure for this sale can be found here. Insiders own 2.94% of the company’s stock.

Several large investors have recently modified their holdings of SAIC. Legal & General Group Plc lifted its position in shares of Science Applications International by 10.2% during the 3rd quarter. Legal & General Group Plc now owns 55,588 shares of the information technology services provider’s stock worth $3,716,000 after buying an additional 5,129 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Science Applications International during the 3rd quarter worth approximately $3,657,000. Public Employees Retirement System of Ohio lifted its position in shares of Science Applications International by 213.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,630 shares of the information technology services provider’s stock worth $2,382,000 after buying an additional 24,273 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Science Applications International by 73.8% during the 4th quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock worth $128,000 after buying an additional 708 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Science Applications International by 23.7% during the 4th quarter. Strs Ohio now owns 4,700 shares of the information technology services provider’s stock worth $359,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 64.79% of the company’s stock.

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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 engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Science Applications International (NYSE:SAIC)

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