Science Applications International (NASDAQ:SAIC) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Science Applications International (NASDAQ:SAIC) from a hold rating to a buy rating in a research report report published on Saturday morning.

Several other equities research analysts have also recently commented on the company. UBS Group raised their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Stifel Nicolaus cut their target price on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Citigroup reduced their price target on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group decreased their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Science Applications International currently has an average rating of “Hold” and an average price target of $112.44.

Science Applications International Stock Performance

NASDAQ SAIC opened at $100.11 on Friday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 13.02 and a beta of 0.30. Science Applications International has a twelve month low of $81.08 and a twelve month high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The business’s fifty day moving average is $94.40 and its 200 day moving average is $97.04.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is presently 19.25%.

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC increased its holdings in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Quent Capital LLC purchased a new position in Science Applications International in the third quarter worth about $29,000. Wexford Capital LP bought a new position in Science Applications International in the 3rd quarter valued at approximately $29,000. Finally, Rakuten Securities Inc. lifted its holdings in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.