Science Applications International (NYSE:SAIC) Stock Rating Upgraded by 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, Marketbeat reports. They currently have $147.00 price target on the information technology services provider’s stock, down from their previous price target of $157.00.

SAIC has been the topic of a number of other research reports. Citigroup raised their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Barclays lifted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Science Applications International has an average rating of “Moderate Buy” and an average price target of $149.00.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $124.25 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 22.35 and a beta of 0.70. Science Applications International has a twelve month low of $112.00 and a twelve month high of $156.34. The company has a 50-day simple moving average of $139.60 and a two-hundred day simple moving average of $129.98.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $2.05 EPS. Analysts forecast that Science Applications International will post 8.21 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.19%. Science Applications International’s dividend payout ratio is 26.62%.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC acquired a new stake in shares of Science Applications International during the second quarter worth $27,000. UMB Bank n.a. lifted its holdings in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after buying an additional 171 shares during the period. GAMMA Investing LLC boosted its position in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the last quarter. Fifth Third Bancorp grew its holdings in Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC raised its position in shares of Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. 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.