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

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

SAIC has been the topic of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Citigroup lifted their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. UBS Group initiated coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Moderate Buy” and an average target price of $144.38.

Science Applications International Price Performance

NYSE SAIC opened at $114.38 on Wednesday. Science Applications International has a 12 month low of $111.34 and a 12 month high of $156.34. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 19.29 and a beta of 0.64. The company’s 50 day moving average is $134.11 and its two-hundred day moving average is $128.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

Insider Buying and Selling

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after buying an additional 171 shares during the period. Larson Financial Group LLC purchased a new position in Science Applications International during the second quarter worth $27,000. GAMMA Investing LLC boosted its stake in Science Applications International by 236.0% during the third 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 boosted its stake in Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after buying an additional 84 shares during the period. Finally, CWM LLC boosted its stake in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after buying an additional 147 shares during the period. 76.00% of the stock is owned by hedge funds and other 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.