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

Wall Street Zen upgraded shares of Science Applications International (NASDAQ:SAIC) from a hold rating to a buy rating in a report issued on Saturday.

Several other equities analysts have also recently weighed in on SAIC. Stifel Nicolaus lowered their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. UBS Group lifted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Truist Financial lowered their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research report on Tuesday, March 17th. JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Finally, Citigroup lowered their price objective on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $112.44.

Science Applications International Trading Down 0.5%

Science Applications International stock opened at $99.57 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 12.95 and a beta of 0.30. Science Applications International has a 1 year low of $81.08 and a 1 year high of $124.11. The firm’s 50 day moving average price is $94.31 and its two-hundred day moving average price is $96.98.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the company posted $2.57 EPS. The company’s quarterly revenue was down 4.8% compared to the same quarter last year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, April 10th. Science Applications International’s payout ratio is currently 19.25%.

Hedge Funds Weigh In On Science Applications International

Several institutional investors and hedge funds have recently modified their holdings of SAIC. Norges Bank purchased a new position in shares of Science Applications International during the 4th quarter valued at $53,403,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after acquiring an additional 441,296 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Science Applications International by 25.9% during the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after acquiring an additional 393,344 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Science Applications International by 36.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock valued at $143,578,000 after acquiring an additional 347,456 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Science Applications International in the 2nd quarter valued at $31,271,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.