Analysts’ Weekly Ratings Changes for Science Applications International (SAIC)

A number of firms have modified their ratings and price targets on shares of Science Applications International (NYSE: SAIC) recently:

  • 6/14/2018 – Science Applications International had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $82.00 price target on the stock.
  • 6/14/2018 – Science Applications International was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “
  • 6/13/2018 – Science Applications International was downgraded by analysts at Drexel Hamilton from a “buy” rating to a “hold” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/5/2018 – Science Applications International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “
  • 6/2/2018 – Science Applications International was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “
  • 5/25/2018 – Science Applications International is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $85.00 price target on the stock.
  • 5/17/2018 – Science Applications International was downgraded by analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating. They now have a $87.00 price target on the stock.
  • 5/17/2018 – Science Applications International was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/18/2018 – Science Applications International was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Science Applications International traded up $0.37, reaching $81.06, on Thursday, MarketBeat.com reports. The company’s stock had a trading volume of 539,100 shares, compared to its average volume of 263,532. Science Applications International Co. has a 52-week low of $60.21 and a 52-week high of $90.84. The stock has a market capitalization of $3.73 billion, a P/E ratio of 22.96, a PEG ratio of 4.11 and a beta of 1.39. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 3.01.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Tuesday, June 12th. The information technology services provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. analysts expect that Science Applications International Co. will post 4.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Investors of record on Friday, July 13th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.53%. Science Applications International’s dividend payout ratio is presently 35.13%.

In related news, CEO Anthony J. Moraco sold 80,000 shares of Science Applications International stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total transaction of $6,630,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Nazzic S. Keene sold 24,838 shares of Science Applications International stock in a transaction dated Friday, April 6th. The stock was sold at an average price of $83.76, for a total transaction of $2,080,430.88. Following the transaction, the chief operating officer now directly owns 50,690 shares of the company’s stock, valued at $4,245,794.40. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new position in shares of Science Applications International during the 4th quarter worth about $124,000. Bank of Montreal Can lifted its holdings in 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 valued at $128,000 after buying an additional 708 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in Science Applications International during the 1st quarter valued at about $205,000. Hayek Kallen Investment Management bought a new stake in Science Applications International during the 4th quarter valued at about $215,000. Finally, Parametrica Management Ltd bought a new stake in Science Applications International during the 1st quarter valued at about $257,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

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.

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