Science Applications International (NYSE:SAIC) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, ValuEngine reports.
A number of other equities research analysts have also commented on SAIC. Wells Fargo & Co increased their price objective on shares of Science Applications International from $70.00 to $77.00 and gave the stock a “market perform” rating in a report on Friday, March 29th. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a report on Wednesday, March 6th. Citigroup started coverage on shares of Science Applications International in a report on Tuesday, February 19th. They set a “buy” rating on the stock. Finally, Drexel Hamilton reissued a “buy” rating and set a $90.00 price objective on shares of Science Applications International in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $88.57.
SAIC opened at $73.84 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60. Science Applications International has a twelve month low of $58.19 and a twelve month high of $93.31. The stock has a market capitalization of $4.44 billion, a PE ratio of 14.65, a PEG ratio of 2.70 and a beta of 1.56.
In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now directly owns 59,151 shares in the company, valued at approximately $4,436,325. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP acquired a new position in Science Applications International during the 4th quarter valued at about $36,000. Meeder Asset Management Inc. lifted its position in Science Applications International by 23.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock valued at $81,000 after purchasing an additional 202 shares during the period. Wilsey Asset Management Inc. acquired a new position in Science Applications International during the 4th quarter valued at about $144,000. NumerixS Investment Technologies Inc lifted its position in Science Applications International by 30.4% during the 4th quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider’s stock valued at $188,000 after purchasing an additional 700 shares during the period. Finally, Paloma Partners Management Co acquired a new position in Science Applications International during the 3rd quarter valued at about $243,000. Institutional investors own 69.53% 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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