The stock of Science Applications International Corp (NYSE:SAIC) reached all time high today, Nov, 10 and still has $124.10 target or 68.00% above today’s $73.87 share price. This indicates more upside for the $3.43B company. This technical setup was reported by Barchart.com. If the $124.10 PT is reached, the company will be worth $2.33 billion 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 128,891 shares traded hands. Science Applications International Corp (NYSE:SAIC) has risen 43.10% since April 8, 2016 and is uptrending. It has outperformed by 37.45% the S&P500.
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 13 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Drexel Hamilton downgraded the shares of SAIC in a report on Friday, September 9 to “Hold” rating. BB&T Capital initiated Science Applications International Corp (NYSE:SAIC) on Tuesday, July 28 with “Buy” rating. Citigroup maintained it with “Buy” rating and $67 target price in Tuesday, June 14 report. The stock of Science Applications International Corp (NYSE:SAIC) earned “Buy” rating by Jefferies on Wednesday, June 15. The firm earned “Hold” rating on Monday, June 13 by BB&T Capital. Suntrust Robinson initiated Science Applications International Corp (NYSE:SAIC) on Thursday, December 10 with “Buy” rating. Citigroup upgraded it to “Buy” rating and $55 target price in Wednesday, September 2 report. SunTrust initiated the stock with “Buy” rating in Thursday, December 10 report. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, January 7. Jefferies initiated Science Applications International Corp (NYSE:SAIC) rating on Wednesday, January 20. Jefferies has “Buy” rating and $57 price target.
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 decreased to 0.95 in Q2 2016. Its down 0.07, from 1.02 in 2016Q1. The ratio dived, 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.
Ancora Ltd Company last reported 46,819 shares in the company. Jacobs Levy Equity Mngmt Inc has invested 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC). Victory Cap has 8,375 shares for 0% of their US portfolio. Omers Administration has 12,900 shares for 0.02% of their US portfolio. Friess Associate Limited Liability Corp holds 2,770 shares or 0.02% of its portfolio. Sta Wealth Mngmt last reported 8,989 shares in the company. Quantbot Techs Limited Partnership, a New York-based fund reported 2,852 shares. Eqis Capital Mngmt Inc has invested 0.03% of its portfolio in Science Applications International Corp (NYSE:SAIC). Profund Ltd Liability Company owns 8,734 shares or 0.02% of their US portfolio. State Board Of Administration Of Florida Retirement Systems accumulated 0.01% or 31,082 shares. Oregon Pub Employees Retirement Fund last reported 13,860 shares in the company. Allianz Asset Management Ag last reported 36,986 shares in the company. Tiaa Cref Investment Mngmt Lc last reported 0.01% of its portfolio in the stock. Smith Asset Gru L P has 2,226 shares for 0% of their US portfolio. The Massachusetts-based Liberty Mutual Gru Asset Mngmt has invested 0.04% in Science Applications International Corp (NYSE:SAIC).
Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 5 sales for $3.88 million net activity. WAGONER DOUGLAS MARTIN sold 2,300 shares worth $160,264. Moraco Anthony J also sold $2.58 million worth of Science Applications International Corp (NYSE:SAIC) on Tuesday, September 13. 13,000 shares were sold by Hartley John Robert, worth $740,251 on Wednesday, June 15. Bishop Maria M. sold $150,446 worth of stock or 2,160 shares.
Another recent and important Science Applications International Corp (NYSE:SAIC) news was published by Reuters.com which published an article titled: “BRIEF-Wesco Aircraft announces chemical management services agreement with…” 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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