Science Applications International (SAIC) Raised to “Buy” at Zacks Investment Research
Science Applications International (NYSE:SAIC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm currently has a $88.00 target price on the information technology services provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.59% from the stock’s current price.
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. Jefferies Group reaffirmed a “hold” rating and issued a $78.00 target price on shares of Science Applications International in a report on Monday, January 8th. Cowen reaffirmed a “hold” rating and issued a $72.00 target price on shares of Science Applications International in a report on Friday, December 8th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Friday, December 8th. Finally, BidaskClub cut Science Applications International from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Science Applications International presently has an average rating of “Buy” and a consensus target price of $82.13.
Several hedge funds have recently modified their holdings of SAIC. We Are One Seven LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at about $124,000. Bank of Montreal Can increased its stake in shares of Science Applications International by 73.8% in the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after buying an additional 708 shares during the period. Hayek Kallen Investment Management acquired a new stake in shares of Science Applications International in the fourth quarter valued at about $215,000. Cetera Advisor Networks LLC acquired a new stake in shares of Science Applications International in the third quarter valued at about $223,000. Finally, Boston Family Office LLC acquired a new stake in shares of Science Applications International in the fourth quarter valued at about $229,000. 64.64% of the stock is owned by institutional investors.
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Science Applications International Company Profile
Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.
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