Analysts’ Weekly Ratings Updates for Science Applications International (SAIC)

Science Applications International (NYSE: SAIC) has recently received a number of price target changes and ratings updates:

  • 6/3/2019 – Science Applications International is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $96.00 price target on the stock.
  • 5/17/2019 – Science Applications International was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 5/17/2019 – Science Applications International was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Science Applications is benefiting from higher orders in supply chain and continued contract wins. Moreover, management is optimistic about its long-term strategy called Ingenuity 2025, which it expects to accelerate with the acquisition of Engility.  New contracts supporting IT modernization coupled with the acquisition of Engility is a key growth driver.  The company expects to deliver increased customer access, higher investments in competitive and niche solutions and improved cash flow in the coming year. Estimates have been going up ahead of the company’s fiscal Q1 earnings release. The company has positive record of earnings surprises in recent quarters. However, revenue concentration is a major risk for Science Applications. Further, competition in the emerging growth segment is also a concern. Shares have underperformed the industry in the past year.”
  • 5/16/2019 – Science Applications International was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $87.00 price target on the stock, up previously from $80.00.
  • 5/9/2019 – Science Applications International is now covered by analysts at Goldman Sachs Group Inc. They set a “neutral” rating and a $77.00 price target on the stock.
  • 4/15/2019 – Science Applications International was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/10/2019 – Science Applications International had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 4/9/2019 – Science Applications International was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.

SAIC traded up $0.08 on Monday, hitting $76.82. The company had a trading volume of 483,494 shares, compared to its average volume of 456,329. Science Applications International Corp has a 52-week low of $58.19 and a 52-week high of $93.31. The firm has a market capitalization of $4.54 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 2.72 and a beta of 1.39. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.28. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Science Applications International Corp will post 5.13 EPS for the current fiscal year.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $75.00, for a total transaction of $135,225.00. Following the completion of the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at $4,436,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.05% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Science Applications International by 18.9% during the first quarter. BlackRock Inc. now owns 5,766,169 shares of the information technology services provider’s stock valued at $443,706,000 after purchasing an additional 915,937 shares in the last quarter. Vanguard Group Inc increased its position in shares of Science Applications International by 7.0% during the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after acquiring an additional 352,533 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Science Applications International by 40.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,497,874 shares of the information technology services provider’s stock valued at $115,254,000 after acquiring an additional 429,865 shares in the last quarter. FMR LLC increased its position in shares of Science Applications International by 14.3% during the first quarter. FMR LLC now owns 1,496,111 shares of the information technology services provider’s stock valued at $115,125,000 after acquiring an additional 187,442 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Science Applications International during the first quarter valued at approximately $95,003,000. 76.92% of the stock is owned by institutional investors and hedge funds.

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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