Science Applications International (SAIC) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Science Applications International (NYSE:SAIC) from a buy rating to a hold rating in a research report sent to investors on Friday, March 9th.

According to Zacks, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA. “

A number of other brokerages have also recently issued reports on SAIC. Cowen reiterated a hold rating and issued a $72.00 target price on shares of Science Applications International in a report on Friday, December 8th. Jefferies Group restated a hold rating and set a $78.00 price objective on shares of Science Applications International in a research note on Monday, January 8th. Vertical Research upgraded Science Applications International from a hold rating to a buy rating and set a $83.00 target price on the stock in a research note on Friday, December 8th. Finally, BidaskClub cut Science Applications International from a hold rating to a sell rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $82.00.

Shares of Science Applications International stock traded up $1.30 on Friday, hitting $80.10. The stock had a trading volume of 529,328 shares, compared to its average volume of 235,933. Science Applications International has a twelve month low of $60.21 and a twelve month high of $88.49. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.37 and a quick ratio of 1.18. The company has a market capitalization of $3,369.95, a P/E ratio of 22.69, a P/E/G ratio of 3.89 and a beta of 1.40.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, March 29th. The information technology services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.35. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.04 billion. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. equities analysts anticipate that Science Applications International will post 4.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.55%. Science Applications International’s dividend payout ratio (DPR) is presently 35.13%.

A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in Science Applications International by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 735,276 shares of the information technology services provider’s stock worth $49,154,000 after buying an additional 29,387 shares during the last quarter. Prudential Financial Inc. lifted its position in Science Applications International by 3.3% in the 3rd quarter. Prudential Financial Inc. now owns 562,078 shares of the information technology services provider’s stock worth $37,575,000 after buying an additional 17,730 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Science Applications International by 54.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock worth $29,147,000 after buying an additional 154,429 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Science Applications International by 8.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 325,918 shares of the information technology services provider’s stock worth $21,739,000 after buying an additional 25,075 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in Science Applications International by 255.3% in the 4th quarter. Teachers Advisors LLC now owns 314,407 shares of the information technology services provider’s stock worth $24,074,000 after buying an additional 225,922 shares during the last quarter. Institutional investors own 64.63% of the company’s stock.

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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 engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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