Science Applications International (SAIC) Upgraded by Wells Fargo & Co to “Outperform”

Wells Fargo & Co upgraded shares of Science Applications International (NYSE:SAIC) from a market perform rating to an outperform rating in a research report report published on Thursday morning, Benzinga reports. They currently have $87.00 target price on the information technology services provider’s stock, up from their previous target price of $80.00.

Several other brokerages also recently commented on SAIC. TheStreet downgraded Science Applications International from a b rating to a c+ rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded Science Applications International from a strong-buy rating to a hold rating in a research report on Tuesday, March 19th. Vertical Research raised Science Applications International from a hold rating to a buy rating and upped their price objective for the company from $83.00 to $108.00 in a research report on Friday, March 29th. ValuEngine downgraded Science Applications International from a hold rating to a sell rating in a research report on Monday, April 15th. Finally, Drexel Hamilton reaffirmed a buy rating and issued a $90.00 price objective on shares of Science Applications International in a research report on Thursday, January 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $89.25.

Science Applications International stock traded up $0.36 during mid-day trading on Thursday, hitting $78.62. The company’s stock had a trading volume of 6,475 shares, compared to its average volume of 388,992. The company has a market capitalization of $4.42 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.71 and a beta of 1.52. The company has a quick ratio of 1.52, a current ratio of 1.60 and a debt-to-equity ratio of 1.38. Science Applications International has a one year low of $58.19 and a one year high of $93.31.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.28. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. Science Applications International’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. As a group, research analysts anticipate that Science Applications International will post 5.02 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.88%. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, April 11th. Science Applications International’s dividend payout ratio is currently 29.37%.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the completion of the sale, the chief executive officer now directly owns 59,151 shares in the company, valued at approximately $4,436,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its stake in shares of Science Applications International by 6,740.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 342 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 337 shares during the last quarter. US Bancorp DE lifted its stake in shares of Science Applications International by 108.9% during the 1st quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 207 shares during the last quarter. Royce & Associates LP purchased a new stake in shares of Science Applications International during the 4th quarter worth $36,000. Advisor Group Inc. lifted its stake in shares of Science Applications International by 470.1% during the 1st quarter. Advisor Group Inc. now owns 952 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 785 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Science Applications International by 23.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 69.53% of the company’s stock.

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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Science Applications International (NYSE:SAIC)

Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.