Jefferies Financial Group Upgrades Science Applications International (SAIC) to Buy

Science Applications International (NYSE:SAIC) was upgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $97.00 price objective on the information technology services provider’s stock. Jefferies Financial Group’s target price points to a potential upside of 21.72% from the stock’s current price.

SAIC has been the subject of several other research reports. Zacks Investment Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Drexel Hamilton cut Science Applications International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. They noted that the move was a valuation call. Vertical Research cut Science Applications International from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Tuesday, September 11th. Wells Fargo & Co reiterated a “hold” rating and issued a $84.00 price objective (down previously from $88.00) on shares of Science Applications International in a research report on Monday, September 10th. Finally, Cowen reiterated a “hold” rating and issued a $82.00 price objective on shares of Science Applications International in a research report on Tuesday, September 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $87.29.

Science Applications International stock opened at $79.69 on Tuesday. Science Applications International has a 12 month low of $65.29 and a 12 month high of $93.31. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24. The company has a market cap of $3.35 billion, a PE ratio of 22.94, a P/E/G ratio of 3.48 and a beta of 1.40.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, September 10th. The information technology services provider reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.14. Science Applications International had a return on equity of 57.27% and a net margin of 4.21%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business earned $0.80 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. sell-side analysts anticipate that Science Applications International will post 4.54 EPS for the current fiscal year.

In other Science Applications International news, CEO Anthony J. Moraco sold 21,737 shares of the stock in a transaction on Friday, June 29th. The stock was sold at an average price of $81.32, for a total value of $1,767,652.84. Following the completion of the transaction, the chief executive officer now owns 61,249 shares in the company, valued at $4,980,768.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.05% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Squar Milner Financial Services LLC purchased a new position in shares of Science Applications International in the second quarter valued at $112,000. Itau Unibanco Holding S.A. increased its position in shares of Science Applications International by 536.7% in the second quarter. Itau Unibanco Holding S.A. now owns 2,031 shares of the information technology services provider’s stock valued at $164,000 after buying an additional 1,712 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Science Applications International in the second quarter valued at $201,000. Point72 Hong Kong Ltd increased its position in shares of Science Applications International by 219.4% in the second quarter. Point72 Hong Kong Ltd now owns 2,616 shares of the information technology services provider’s stock valued at $212,000 after buying an additional 1,797 shares in the last quarter. Finally, Destination Wealth Management increased its position in shares of Science Applications International by 38.6% in the second quarter. Destination Wealth Management now owns 2,771 shares of the information technology services provider’s stock valued at $224,000 after buying an additional 771 shares in the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its 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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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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