Science Applications International (NYSE:SAIC) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Science Applications International (NYSE:SAIC) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage currently has $147.00 price objective on the information technology services provider’s stock, down from their prior price objective of $157.00.

Other equities analysts also recently issued reports about the company. Citigroup raised their price objective on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen raised their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Truist Financial upped their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.00.

Science Applications International Trading Down 0.6 %

Shares of SAIC stock opened at $123.29 on Tuesday. The company has a market capitalization of $6.11 billion, a P/E ratio of 22.17 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $139.82 and its two-hundred day moving average is $130.05. Science Applications International has a twelve month low of $112.00 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Equities analysts forecast that Science Applications International will post 8.2 EPS for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors have recently modified their holdings of SAIC. Advisors Asset Management Inc. grew its stake in Science Applications International by 86.2% in the 1st quarter. Advisors Asset Management Inc. now owns 7,515 shares of the information technology services provider’s stock worth $980,000 after acquiring an additional 3,480 shares during the period. Lazard Asset Management LLC increased its stake in Science Applications International by 68.5% in the first quarter. Lazard Asset Management LLC now owns 2,814 shares of the information technology services provider’s stock valued at $366,000 after purchasing an additional 1,144 shares during the last quarter. Burney Co. lifted its position in Science Applications International by 0.9% during the first quarter. Burney Co. now owns 17,686 shares of the information technology services provider’s stock worth $2,306,000 after buying an additional 166 shares during the period. Cetera Investment Advisers boosted its stake in Science Applications International by 776.8% in the 1st quarter. Cetera Investment Advisers now owns 18,973 shares of the information technology services provider’s stock worth $2,474,000 after buying an additional 16,809 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Science Applications International in the 1st quarter valued at about $497,000. Institutional investors and hedge funds 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.