Science Applications International (NYSE:SAIC) Upgraded by StockNews.com to “Buy”

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Several other equities research analysts also recently issued reports on SAIC. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a research note on Friday. Truist Financial raised their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a hold rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on shares of Science Applications International from $132.00 to $150.00 and gave the company a neutral rating in a research note on Friday. Finally, Citigroup raised their target price on shares of Science Applications International from $155.00 to $160.00 and gave the company a buy rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $138.29.

Science Applications International Price Performance

SAIC stock opened at $133.15 on Friday. The stock has a 50-day moving average price of $123.03 and a two-hundred day moving average price of $127.35. The stock has a market cap of $6.82 billion, a PE ratio of 15.59 and a beta of 0.70. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a 1 year low of $104.26 and a 1 year high of $145.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $2.05 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Science Applications International will post 8.06 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. Science Applications International’s payout ratio is 17.33%.

Insider Activity

In other Science Applications International news, EVP Vincent P. Difronzo purchased 215 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the transaction, the executive vice president now owns 2,267 shares in the company, valued at $264,604.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Vincent P. Difronzo acquired 215 shares of the stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the transaction, the executive vice president now directly owns 2,267 shares in the company, valued at $264,604.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prabu Natarajan acquired 2,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average price of $114.85 per share, with a total value of $229,700.00. Following the completion of the transaction, the chief financial officer now owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,715 shares of company stock worth $430,207. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in shares of Science Applications International during the second quarter worth $27,000. Parallel Advisors LLC boosted its position in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Fifth Third Bancorp boosted its position in Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. CWM LLC boosted its position in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 284 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.