Science Applications International (NYSE:SAIC) Rating Increased to Strong-Buy at StockNews.com

Science Applications International (NYSE:SAIC) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

SAIC has been the subject of several other reports. TD Cowen raised their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Barclays raised their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. Finally, Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.25.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $115.96 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 19.55 and a beta of 0.64. Science Applications International has a one year low of $112.00 and a one year high of $156.34. The stock’s 50-day moving average is $137.62 and its 200-day moving average is $129.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of Science Applications International during the 2nd quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in shares of Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the period. Fifth Third Bancorp grew its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares during the last quarter. Finally, CWM LLC raised its holdings in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. 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.