Science Applications International (NYSE:SAIC) Downgraded to "Hold" at StockNews.com

Science Applications International (NYSE:SAIC - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.

SAIC has been the topic of several other research reports. The Goldman Sachs Group reduced their target price on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company lifted their price objective on Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Science Applications International from $142.00 to $140.00 and set a "neutral" rating for the company in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $127.60.

Science Applications International Stock Down 1.9 %

Science Applications International stock traded down $2.52 during mid-day trading on Tuesday, hitting $127.65. 224,767 shares of the company's stock were exchanged, compared to its average volume of 300,320. Science Applications International has a 1-year low of $95.43 and a 1-year high of $145.17. The stock has a 50 day moving average of $133.84 and a two-hundred day moving average of $123.95. The stock has a market cap of $6.59 billion, a P/E ratio of 14.42 and a beta of 0.70. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 earnings per share. As a group, analysts anticipate that Science Applications International will post 8.11 EPS for the current fiscal year.

Insider Activity

In other Science Applications International news, EVP Michelle A. O'hara sold 4,000 shares of the firm's stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $127.45, for a total transaction of $509,800.00. Following the completion of the sale, the executive vice president now owns 26,238 shares of the company's stock, valued at approximately $3,344,033.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.29% of the company's stock.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently made changes to their positions in SAIC. Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter worth approximately $75,040,000. Wellington Management Group LLP raised its position in Science Applications International by 9.4% during the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider's stock valued at $525,321,000 after purchasing an additional 491,167 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Science Applications International by 2,399.5% during the first quarter. Envestnet Asset Management Inc. now owns 418,074 shares of the information technology services provider's stock worth $1,857,000 after purchasing an additional 401,348 shares during the last quarter. FMR LLC boosted its holdings in shares of Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock valued at $297,969,000 after purchasing an additional 328,426 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider's stock valued at $225,082,000 after purchasing an additional 233,075 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.

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