Science Applications International (NASDAQ:SAIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Science Applications International (NASDAQ:SAIC) from a buy rating to a strong-buy rating in a research note released on Sunday morning,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a research report on Monday, August 31st. UBS Group increased their price objective on shares of Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Weiss Ratings cut Science Applications International from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Jefferies Financial Group lifted their target price on Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. Finally, The Goldman Sachs Group upped their target price on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $125.22.

Science Applications International Stock Down 2.1%

NASDAQ:SAIC opened at $128.21 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $5.37 billion, a PE ratio of 15.00 and a beta of 0.30. Science Applications International has a 52-week low of $81.08 and a 52-week high of $142.66. The stock has a 50-day simple moving average of $126.27 and a 200 day simple moving average of $110.73.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 EPS. On average, sell-side analysts expect that Science Applications International will post 10.77 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Insider Activity at Science Applications International

In other news, Director C. David Cush acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $132,500. The trade was a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in Science Applications International in the fourth quarter valued at approximately $53,403,000. Bank of New York Mellon Corp bought a new position in shares of Science Applications International during the 2nd quarter worth approximately $44,044,000. Dimensional Fund Advisors LP boosted its stake in shares of Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after acquiring an additional 185,066 shares during the period. River Road Asset Management LLC increased its holdings in shares of Science Applications International by 44.4% during the 4th quarter. River Road Asset Management LLC now owns 479,677 shares of the company’s stock worth $48,284,000 after acquiring an additional 147,438 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Science Applications International by 13,176.6% during the 1st quarter. Fifth Third Bancorp now owns 63,064 shares of the company’s stock worth $5,986,000 after acquiring an additional 62,589 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.