Cowen upgraded shares of Science Applications International (NYSE:SAIC) from a market perform rating to an outperform rating in a report released on Monday, BenzingaRatingsTable reports. They currently have $102.00 price objective on the information technology services provider’s stock, up from their prior price objective of $92.00.

Other research analysts have also recently issued reports about the company. Morgan Stanley reissued a buy rating and issued a $96.00 target price on shares of Science Applications International in a research note on Wednesday, June 12th. ValuEngine raised Science Applications International from a sell rating to a hold rating in a research note on Friday, May 17th. TheStreet raised Science Applications International from a c+ rating to a b+ rating in a research note on Thursday, June 6th. Wells Fargo & Co reissued a buy rating on shares of Science Applications International in a research note on Friday, June 7th. Finally, Zacks Investment Research raised Science Applications International from a hold rating to a buy rating and set a $88.00 target price for the company in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $97.22.

Shares of Science Applications International stock opened at $83.09 on Monday. Science Applications International has a 12 month low of $58.19 and a 12 month high of $92.49. The company has a quick ratio of 1.06, a current ratio of 1.17 and a debt-to-equity ratio of 1.40. The stock has a market cap of $4.77 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.73 and a beta of 1.35. The business has a fifty day simple moving average of $84.47 and a 200 day simple moving average of $80.08.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.08. Science Applications International had a return on equity of 23.15% and a net margin of 2.71%. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm earned $1.13 earnings per share. The company’s revenue was up 43.0% on a year-over-year basis. Analysts expect that Science Applications International will post 5.51 EPS for the current fiscal year.

In other Science Applications International news, CEO Anthony J. Moraco sold 12,694 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $85.87, for a total value of $1,090,033.78. Following the completion of the transaction, the chief executive officer now directly owns 47,661 shares of the company’s stock, valued at $4,092,650.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of SAIC. TRUE Private Wealth Advisors bought a new stake in Science Applications International in the second quarter valued at approximately $30,000. Advisory Services Network LLC raised its stake in Science Applications International by 54.5% in the second quarter. Advisory Services Network LLC now owns 499 shares of the information technology services provider’s stock valued at $43,000 after buying an additional 176 shares during the period. Royce & Associates LP raised its stake in Science Applications International by 23.6% in the first quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock valued at $54,000 after buying an additional 133 shares during the period. Advisor Group Inc. raised its stake in Science Applications International by 53.0% in the second quarter. Advisor Group Inc. now owns 1,457 shares of the information technology services provider’s stock valued at $126,000 after buying an additional 505 shares during the period. Finally, Bank of Montreal Can raised its stake in Science Applications International by 34.9% in the first quarter. Bank of Montreal Can now owns 2,557 shares of the information technology services provider’s stock valued at $196,000 after buying an additional 662 shares during the period. 77.92% of the stock is owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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