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Science Applications International (SAIC) Lowered to Sell at ValuEngine
April 16th, 2019 - By Scott Moore - Comments Off on Science Applications International (SAIC) Lowered to Sell at ValuEngine
Filed Under: Analyst Articles - US - Finance
ValuEngine lowered shares of Science Applications International (NYSE:SAIC) from a hold rating to a sell rating in a research note issued to investors on Monday morning, ValuEngine reports.
A number of other analysts also recently issued reports on the company. Wells Fargo & Co raised their target price on Science Applications International from $70.00 to $77.00 and gave the stock a market perform rating in a research report on Friday, March 29th. Citigroup started coverage on Science Applications International in a research report on Tuesday, February 19th. They issued a buy rating for the company. Drexel Hamilton reiterated a buy rating and issued a $90.00 price target on shares of Science Applications International in a research report on Thursday, January 24th. Zacks Investment Research upgraded Science Applications International from a hold rating to a buy rating and set a $71.00 price target for the company in a research report on Thursday, January 17th. Finally, Vertical Research upgraded Science Applications International from a hold rating to a buy rating and lifted their price target for the company from $83.00 to $108.00 in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $88.57.
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NYSE:SAIC opened at $74.50 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. Science Applications International has a 1 year low of $58.19 and a 1 year high of $93.31. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.70 and a beta of 1.56.
Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.89 by $0.28. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.16 earnings per share. The business's revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Science Applications International will post 5.02 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.99%. This is a boost from Science Applications International's previous quarterly dividend of $0.31. The ex-dividend date is Thursday, April 11th. Science Applications International's payout ratio is presently 29.37%.
In related news, CEO Anthony J. Moraco sold 1,803 shares of the business's stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the completion of the transaction, the chief executive officer now directly owns 59,151 shares in the company, valued at $4,436,325. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.05% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP purchased a new position in Science Applications International during the fourth quarter worth about $36,000. Wilsey Asset Management Inc. bought a new stake in Science Applications International during the fourth quarter worth about $144,000. NumerixS Investment Technologies Inc lifted its stake in Science Applications International by 30.4% during the fourth quarter. NumerixS Investment Technologies Inc now owns 3,001 shares of the information technology services provider's stock worth $188,000 after purchasing an additional 700 shares during the last quarter. Paloma Partners Management Co bought a new stake in Science Applications International during the third quarter worth about $243,000. Finally, Jane Street Group LLC bought a new stake in Science Applications International during the third quarter worth about $322,000. Institutional investors and hedge funds own 69.53% of the company's stock.
About Science Applications International
Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.
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