Science Applications International (SAIC) Downgraded to “Hold” at Drexel Hamilton

Science Applications International (NYSE:SAIC) was downgraded by analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

SAIC has been the subject of several other research reports. Zacks Investment Research upgraded shares of Science Applications International from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Tuesday, June 5th. ValuEngine upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Wells Fargo & Co lowered shares of Science Applications International from an “outperform” rating to a “market perform” rating and set a $87.00 target price for the company. in a research note on Thursday, May 17th. Finally, Stifel Nicolaus started coverage on shares of Science Applications International in a research note on Friday, May 25th. They issued a “hold” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Science Applications International has a consensus rating of “Hold” and an average price target of $85.13.

Science Applications International opened at $88.08 on Wednesday, according to MarketBeat.com. The company has a debt-to-equity ratio of 3.01, a quick ratio of 1.27 and a current ratio of 1.37. Science Applications International has a 1-year low of $60.21 and a 1-year high of $90.84. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 4.11 and a beta of 1.39.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Tuesday, June 12th. The information technology services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.09. Science Applications International had a net margin of 4.02% and a return on equity of 55.88%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. equities research analysts anticipate that Science Applications International will post 4.29 earnings per share for the current year.

In related news, CEO Anthony J. Moraco sold 80,000 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $82.88, for a total transaction of $6,630,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Nazzic S. Keene sold 24,838 shares of the stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $83.76, for a total transaction of $2,080,430.88. Following the transaction, the chief operating officer now owns 50,690 shares of the company’s stock, valued at approximately $4,245,794.40. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. We Are One Seven LLC bought a new position in Science Applications International during the fourth quarter valued at about $124,000. Bank of Montreal Can lifted its holdings in Science Applications International by 73.8% during the fourth quarter. Bank of Montreal Can now owns 1,668 shares of the information technology services provider’s stock valued at $128,000 after purchasing an additional 708 shares during the last quarter. Alambic Investment Management L.P. purchased a new stake in Science Applications International during the first quarter valued at about $205,000. Hayek Kallen Investment Management purchased a new stake in Science Applications International during the fourth quarter valued at about $215,000. Finally, Parametrica Management Ltd purchased a new stake in Science Applications International during the first quarter valued at about $257,000. Institutional investors own 64.65% of the company’s stock.

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 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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