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

Posted by on Apr 10th, 2023

Science Applications International (NYSE:SAIC – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts have also weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Science Applications International from $121.00 to $118.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 4th. Morgan Stanley lowered Science Applications International from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $108.00 to $114.00 in a research note on Tuesday, January 3rd. Citigroup decreased their target price on shares of Science Applications International from $141.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, April 4th. Finally, The Goldman Sachs Group increased their price objective on shares of Science Applications International from $90.00 to $97.00 and gave the company a “sell” rating in a research note on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $113.10.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $107.86 on Monday. Science Applications International has a 12 month low of $79.33 and a 12 month high of $117.94. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.38. The stock’s fifty day simple moving average is $105.97 and its 200 day simple moving average is $104.84. The company has a market capitalization of $5.85 billion, a PE ratio of 20.05 and a beta of 0.70.

Science Applications International (NYSE:SAIC – Get Rating) last posted its quarterly earnings data on Monday, April 3rd. The information technology services provider reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Science Applications International had a net margin of 3.89% and a return on equity of 25.20%. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts predict that Science Applications International will post 6.88 EPS for the current year.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the business. Wipfli Financial Advisors LLC bought a new stake in shares of Science Applications International during the 3rd quarter valued at about $41,000. Global Wealth Strategies & Associates purchased a new stake in Science Applications International in the fourth quarter worth about $46,000. Fiduciary Alliance LLC purchased a new position in Science Applications International in the fourth quarter valued at about $55,000. WFA of San Diego LLC acquired a new position in Science Applications International during the 4th quarter valued at approximately $55,000. Finally, Ruedi Wealth Management Inc. purchased a new stake in Science Applications International in the fourth quarter valued at $56,000. 76.40% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

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Science Applications International Corp. is a provider of technical, engineering and enterprise information technology (IT) services. Its offerings include engineering, systems integration and information technology offerings for large, complex government projects and offer a broad range of services with a targeted emphasis on higher end, differentiated technology services, and end-to-end services spanning the entire spectrum of its customers IT infrastructure.

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