Science Applications International (NYSE:SAIC) Downgraded to Buy at StockNews.com

StockNews.com cut shares of Science Applications International (NYSE:SAIC - Free Report) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Several other analysts have also recently issued reports on SAIC. TD Cowen increased their price objective on Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, September 6th. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research report on Friday, September 6th. Citigroup lifted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised shares of Science Applications International from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of Science Applications International from $122.00 to $157.00 and gave the company an "equal weight" rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus price target of $150.43.

Science Applications International Trading Down 1.0 %

Shares of SAIC stock traded down $1.46 on Tuesday, hitting $145.56. The stock had a trading volume of 184,151 shares, compared to its average volume of 297,106. The company's 50 day moving average price is $136.12 and its 200-day moving average price is $128.38. Science Applications International has a 1 year low of $105.97 and a 1 year high of $148.65. The firm has a market capitalization of $7.21 billion, a P/E ratio of 26.18 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. Analysts anticipate that Science Applications International will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors 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 annualized dividend and a yield of 1.02%. Science Applications International's dividend payout ratio (DPR) is 26.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new position in shares of Science Applications International in the 2nd quarter valued at approximately $27,000. UMB Bank n.a. increased its stake in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after buying an additional 171 shares during the period. GAMMA Investing LLC raised its position in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock worth $40,000 after buying an additional 203 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC boosted its holdings in shares of Science Applications International by 56.8% in 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 in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.