The stock of Science Applications International Corp (NYSE:SAIC) reached all time high today, Nov, 29 and still has $92.11 target or 9.00% above today’s $84.50 share price. This indicates more upside for the $3.74B company. This technical setup was reported by Barchart.com. If the $92.11 PT is reached, the company will be worth $336.60 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 222,480 shares traded hands. Science Applications International Corp (NYSE:SAIC) has risen 56.52% since April 26, 2016 and is uptrending. It has outperformed by 51.27% the S&P500.
Analysts await Science Applications International Corp (NYSE:SAIC) to report earnings on December, 8 before the open. They expect $0.84 earnings per share, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.18M for 25.15 P/E if the $0.84 EPS becomes a reality. After $0.85 actual earnings per share reported by Science Applications International Corp for the previous quarter, Wall Street now forecasts -1.18% negative EPS growth.
Science Applications International Corp (NYSE:SAIC) Ratings Coverage
Out of 7 analysts covering Science Applications International (NYSE:SAIC), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Science Applications International has been the topic of 15 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Tuesday, June 14, the company rating was maintained by Citigroup. The firm has “Buy” rating by SunTrust given on Thursday, December 10. The company was downgraded on Friday, September 9 by Drexel Hamilton. The stock of Science Applications International Corp (NYSE:SAIC) has “Hold” rating given on Monday, June 13 by BB&T Capital. Suntrust Robinson initiated Science Applications International Corp (NYSE:SAIC) rating on Thursday, December 10. Suntrust Robinson has “Buy” rating and $58 price target. The firm earned “Buy” rating on Wednesday, January 20 by Jefferies. Citigroup downgraded Science Applications International Corp (NYSE:SAIC) on Tuesday, November 29 to “Neutral” rating. The stock has “Buy” rating given by Citigroup on Wednesday, September 2. The stock has “Buy” rating given by Jefferies on Wednesday, June 15. As per Thursday, January 7, the company rating was upgraded by Wells Fargo.
According to Zacks Investment Research, “Science Applications International Corp. is engaged in transaction, technical, engineering and enterprise IT services business. The Company provides services in two segments: government segment and commercial segment. Its government segment servers primarily to United States federal, state and local government agencies and foreign governments. The commercial segment provides technology-driven consulting and systems integration services and solutions. Science Applications International Corp. is headquartered in McLean, VA.”
Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.51, from 0.95 in 2016Q1. The ratio improved, as 28 funds sold all Science Applications International Corp shares owned while 83 reduced positions. 26 funds bought stakes while 79 increased positions. They now own 27.21 million shares or 3.53% less from 28.21 million shares in 2016Q1.
Independent Port Consultants has 0.09% invested in the company for 4,895 shares. Alliancebernstein L P last reported 135,691 shares in the company. Waddell And Reed Financial Incorporated accumulated 715,900 shares or 0.09% of the stock. Boston Prtnrs last reported 0.01% of its portfolio in the stock. Prospector Ptnrs Limited Liability Company has 118,000 shares for 1.17% of their US portfolio. Prudential Fincl owns 206,929 shares or 0.02% of their US portfolio. Millennium Mngmt Lc reported 101,046 shares or 0.01% of all its holdings. New York State Common Retirement Fund holds 76,104 shares or 0.01% of its portfolio. Moreover, Shelton Cap has 0.02% invested in Science Applications International Corp (NYSE:SAIC) for 4,168 shares. Loomis Sayles & Lp accumulated 0% or 250 shares. Nicholas Inv Prtn L P reported 102,517 shares or 0.41% of all its holdings. Gotham Asset Mgmt Limited Com has 0.03% invested in the company for 44,326 shares. Mcclain Value Mngmt Limited Co has 105,905 shares for 5.26% of their US portfolio. Amer Century accumulated 0.01% or 100,291 shares. Sg Americas Lc has 11,390 shares for 0% of their US portfolio.
Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 5 selling transactions for $3.88 million net activity. $150,446 worth of Science Applications International Corp (NYSE:SAIC) was sold by Bishop Maria M. on Friday, September 23. The insider WAGONER DOUGLAS MARTIN sold 2,300 shares worth $160,264. Shares for $2.58M were sold by Moraco Anthony J on Tuesday, September 13. Hartley John Robert had sold 13,000 shares worth $740,251 on Wednesday, June 15.
Another recent and important Science Applications International Corp (NYSE:SAIC) news was published by Globenewswire.com which published an article titled: “Wesco Aircraft Announces Chemical Management Services Agreement With Science …” on November 07, 2016.
SAIC Company Profile
Science Applications International Corporation (SAIC), incorporated on February 1, 2013, is a well-known provider of technical, engineering and enterprise information technology (IT) services. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. The Firm provides engineering, systems integration and information technology offerings for government projects, and offers a range of services with a targeted emphasis on higher-end, differentiated technology services.
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