Science Applications International (NYSE:SAIC) Rating Increased to Sell at ValuEngine

Science Applications International (NYSE:SAIC) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Thursday, ValuEngine reports.

A number of other analysts have also recently issued reports on the company. Barclays initiated coverage on Science Applications International in a research report on Friday, September 20th. They set an “overweight” rating and a $105.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Science Applications International in a research report on Tuesday, September 24th. They set an “overweight” rating and a $102.00 price objective for the company. Finally, Cowen reissued a “buy” rating and set a $102.00 price objective on shares of Science Applications International in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $98.50.

Shares of Science Applications International stock opened at $84.39 on Thursday. The stock has a market cap of $4.81 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.79 and a beta of 1.30. The business has a fifty day simple moving average of $82.96 and a 200-day simple moving average of $84.09. The company has a quick ratio of 1.07, a current ratio of 1.20 and a debt-to-equity ratio of 1.35. Science Applications International has a 12 month low of $58.19 and a 12 month high of $92.49.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, December 5th. The information technology services provider reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by ($0.04). The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. Science Applications International had a return on equity of 22.10% and a net margin of 2.62%. The business’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. Analysts expect that Science Applications International will post 5.43 EPS for the current fiscal year.

In related news, Director John J. Hamre sold 10,000 shares of Science Applications International stock in a transaction on Friday, September 27th. The stock was sold at an average price of $86.43, for a total transaction of $864,300.00. Following the completion of the sale, the director now owns 21,121 shares of the company’s stock, valued at $1,825,488.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.64% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in SAIC. Strs Ohio lifted its position in shares of Science Applications International by 69.0% in the second quarter. Strs Ohio now owns 9,800 shares of the information technology services provider’s stock worth $848,000 after buying an additional 4,000 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Science Applications International in the second quarter worth about $251,000. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Science Applications International by 22.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,540 shares of the information technology services provider’s stock worth $3,942,000 after buying an additional 8,440 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its position in shares of Science Applications International by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,410 shares of the information technology services provider’s stock worth $815,000 after buying an additional 130 shares during the last quarter. Finally, Advisor Group Inc. lifted its position in shares of Science Applications International by 53.0% in the second quarter. Advisor Group Inc. now owns 1,457 shares of the information technology services provider’s stock worth $126,000 after buying an additional 505 shares during the last quarter. 77.22% of the stock is owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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