Science Applications International (SAIC) Downgraded by ValuEngine

Science Applications International (NYSE:SAIC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other analysts have also recently commented on the company. Drexel Hamilton raised Science Applications International from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, September 28th. Jefferies Financial Group raised Science Applications International from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Tuesday, September 25th. Vertical Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a research report on Tuesday, September 11th. Cowen reissued a “hold” rating and issued a $82.00 price target on shares of Science Applications International in a research report on Tuesday, September 11th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $84.00 price target (down from $88.00) on shares of Science Applications International in a research report on Monday, September 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.86.

Science Applications International stock traded down $0.63 during trading hours on Thursday, hitting $69.39. 192,639 shares of the stock traded hands, compared to its average volume of 338,114. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.24 and a current ratio of 1.40. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 3.07 and a beta of 1.49. Science Applications International has a one year low of $66.24 and a one year high of $93.31.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts predict that Science Applications International will post 4.53 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Midwest Bank Trust Division raised its holdings in Science Applications International by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 5,175 shares of the information technology services provider’s stock worth $419,000 after acquiring an additional 604 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Science Applications International by 1.4% in the 2nd quarter. MetLife Investment Advisors LLC now owns 45,875 shares of the information technology services provider’s stock worth $3,713,000 after acquiring an additional 632 shares during the last quarter. GWM Advisors LLC raised its holdings in Science Applications International by 3.5% in the 2nd quarter. GWM Advisors LLC now owns 19,496 shares of the information technology services provider’s stock worth $1,590,000 after acquiring an additional 659 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Science Applications International by 4.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 18,375 shares of the information technology services provider’s stock worth $1,487,000 after acquiring an additional 732 shares during the last quarter. Finally, Piedmont Investment Advisors LLC raised its stake in Science Applications International by 9.9% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 8,197 shares of the information technology services provider’s stock valued at $663,000 after buying an additional 736 shares during the last quarter. Institutional investors own 64.93% 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. Its 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.

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