Science Applications International (NASDAQ:SAIC) Upgraded to Buy at Wall Street Zen

Science Applications International (NASDAQ:SAIC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also recently weighed in on the company. BNP Paribas Exane began coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective for the company. Stifel Nicolaus reduced their price objective on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Citigroup boosted their price objective on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group boosted their price objective on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus price target of $111.44.

Science Applications International Stock Performance

Shares of SAIC opened at $114.35 on Friday. The stock has a 50 day moving average price of $98.26 and a 200 day moving average price of $97.56. The company has a quick ratio of 1.20, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 12.88 and a beta of 0.30. Science Applications International has a 52-week low of $81.08 and a 52-week high of $123.41.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.97. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Research analysts predict that Science Applications International will post 10.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Science Applications International

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its stake in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after purchasing an additional 215 shares during the last quarter. Rakuten Securities Inc. raised its stake in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Science Applications International during the third quarter worth approximately $29,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.