BidaskClub Lowers Science Applications International Corporation (NYSE:SAIC) to Buy

Science Applications International Corporation (NYSE:SAIC) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday, November 4th.

Other equities analysts have also issued research reports about the company. Cowen and Company reiterated a “hold” rating and issued a $75.00 target price on shares of Science Applications International Corporation in a research note on Friday, September 8th. Wells Fargo & Company upgraded Science Applications International Corporation from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Wednesday, October 25th. Jefferies Group LLC lowered Science Applications International Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Citigroup Inc. raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research downgraded Science Applications International Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.71.

Shares of Science Applications International Corporation (SAIC) opened at $68.08 on Friday. Science Applications International Corporation has a fifty-two week low of $60.21 and a fifty-two week high of $89.87. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. The stock has a market cap of $2,950.73, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 3.84 and a beta of 1.62.

Science Applications International Corporation (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. equities research analysts anticipate that Science Applications International Corporation will post 3.55 earnings per share for the current year.

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In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.94% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SAIC. Koch Industries Inc. purchased a new stake in shares of Science Applications International Corporation during the second quarter worth approximately $600,000. ETF Managers Group LLC purchased a new stake in shares of Science Applications International Corporation during the second quarter worth approximately $39,049,000. Vanguard Group Inc. increased its position in shares of Science Applications International Corporation by 5.2% during the second quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock worth $353,833,000 after purchasing an additional 250,102 shares in the last quarter. Prudential Financial Inc. grew its holdings in Science Applications International Corporation by 80.7% in the 2nd quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock valued at $37,788,000 after buying an additional 243,080 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Science Applications International Corporation by 54.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock valued at $29,147,000 after buying an additional 154,429 shares in the last quarter. Hedge funds and other institutional investors own 64.57% of the company’s stock.

Science Applications International Corporation Company Profile

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

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