Wall Street Zen Upgrades Science Applications International (NASDAQ:SAIC) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded SAIC from “buy” to “strong-buy,” although the broader analyst consensus remains “hold,” with an average price target of $125.22.
• SAIC reported quarterly EPS of $3.01, exceeding estimates of $2.31, while revenue rose 6.3% year over year to $1.88 billion, above forecasts of $1.76 billion.
• The stock opened at $132.61, near its 52-week high of $142.66; institutional investors own approximately 76% of the company, and a director recently purchased $132,500 in shares.

Science Applications International (NASDAQ:SAIC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Sunday, Wall Street Zen reports.

Several other research firms have also commented on SAIC. JPMorgan Chase & Co. boosted their price target on Science Applications International from $110.00 to $125.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 2nd. TD Cowen reiterated a "hold" rating on shares of Science Applications International in a research note on Monday, August 31st. Citigroup boosted their target price on shares of Science Applications International from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. UBS Group upped their target price on shares of Science Applications International from $108.00 to $123.00 and gave the company a "neutral" rating in a research note on Tuesday, September 1st. Finally, Truist Financial raised their price target on shares of Science Applications International from $110.00 to $130.00 and gave the company a "hold" rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $125.22.

Science Applications International Price Performance

Science Applications International stock opened at $132.61 on Friday. The firm has a fifty day moving average of $125.57 and a 200-day moving average of $110.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71. Science Applications International has a 52-week low of $81.08 and a 52-week high of $142.66. The firm has a market capitalization of $5.56 billion, a P/E ratio of 15.51 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the company posted $3.63 earnings per share. The firm's revenue was up 6.3% compared to the same quarter last year. As a group, analysts predict that Science Applications International will post 10.77 EPS for the current year.

Insider Activity at Science Applications International

In other news, Director C. David Cush purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average cost of $132.50 per share, for a total transaction of $132,500.00. Following the completion of the purchase, the director owned 1,000 shares of the company's stock, valued at approximately $132,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC grew its holdings in shares of Science Applications International by 304.9% during the fourth quarter. Rothschild Investment LLC now owns 745 shares of the company's stock valued at $75,000 after purchasing an additional 561 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Science Applications International by 155.7% in the 2nd quarter. Versant Capital Management Inc now owns 854 shares of the company's stock worth $94,000 after purchasing an additional 520 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Science Applications International by 94.2% during the 4th quarter. Hantz Financial Services Inc. now owns 903 shares of the company's stock valued at $91,000 after purchasing an additional 438 shares during the period. GAMMA Investing LLC boosted its position in Science Applications International by 86.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,226 shares of the company's stock valued at $135,000 after purchasing an additional 570 shares during the period. Finally, First Command Advisory Services Inc. grew its stake in Science Applications International by 32.4% during the 4th quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company's stock worth $160,000 after buying an additional 390 shares during the last quarter. Institutional investors own 76.00% of the company's stock.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC's offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.

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