Science Applications International (NYSE:SAIC) Stock Rating Upgraded by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Science Applications International (NYSE:SAIC - Free Report) from an equal weight rating to an overweight rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports. They currently have $147.00 price target on the information technology services provider's stock, down from their previous price target of $157.00.

SAIC has been the subject of a number of other research reports. TD Cowen lifted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Truist Financial lifted their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a research report on Friday, September 6th. StockNews.com downgraded Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. Citigroup upped their price objective on Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Barclays lifted their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Science Applications International currently has an average rating of "Moderate Buy" and a consensus target price of $149.00.

Science Applications International Price Performance

NYSE:SAIC traded up $2.14 during trading hours on Tuesday, hitting $124.36. The company's stock had a trading volume of 242,892 shares, compared to its average volume of 313,536. The company has a market capitalization of $6.16 billion, a PE ratio of 21.98 and a beta of 0.70. Science Applications International has a 52-week low of $112.00 and a 52-week high of $156.34. The business's 50-day moving average is $140.48 and its two-hundred day moving average is $130.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85.

Science Applications International (NYSE:SAIC - Get Free Report) last announced 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. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter last year, the business earned $2.05 earnings per share. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that Science Applications International will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International's dividend payout ratio (DPR) is 26.62%.

Institutional Trading of Science Applications International

Several institutional investors have recently made changes to their positions in SAIC. State Street Corp increased its position in Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock worth $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after buying an additional 56,414 shares during the period. Geode Capital Management LLC increased its position in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Science Applications International by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock valued at $65,511,000 after acquiring an additional 25,807 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after acquiring an additional 6,780 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.