The stock of Science Applications International Corp (NYSE:SAIC) reached all time high today, Nov, 24 and still has $85.47 target or 3.00% above today’s $82.98 share price. This indicates more upside for the $3.75B company. This technical setup was reported by Barchart.com. If the $85.47 PT is reached, the company will be worth $112.50M 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. The stock increased 0.29% or $0.24 on November 23, hitting $82.98. About 241,091 shares traded hands. Science Applications International Corp (NYSE:SAIC) has risen 55.48% since April 22, 2016 and is uptrending. It has outperformed by 50.07% the S&P500.
Analysts await Science Applications International Corp (NYSE:SAIC) to report earnings on December, 8 before the open. They expect $0.84 EPS, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.96 million for 24.70 P/E if the $0.84 EPS becomes a reality. After $0.85 actual EPS 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), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Science Applications International has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Science Applications International Corp (NYSE:SAIC) earned “Buy” rating by Jefferies on Wednesday, January 20. The rating was upgraded by Citigroup on Wednesday, September 2 to “Buy”. The rating was initiated by BB&T Capital with “Buy” on Tuesday, July 28. The rating was maintained by Citigroup on Wednesday, June 8 with “Buy”. The firm has “Buy” rating given on Tuesday, June 14 by Citigroup. Jefferies maintained the stock with “Buy” rating in Wednesday, June 15 report. The stock of Science Applications International Corp (NYSE:SAIC) earned “Hold” rating by BB&T Capital on Monday, June 13. As per Thursday, December 10, the company rating was initiated by Suntrust Robinson. The rating was downgraded by Drexel Hamilton to “Hold” on Friday, September 9. As per Friday, November 11, the company rating was upgraded by Drexel Hamilton.
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.
Strs Ohio, a Ohio-based fund reported 4,800 shares. Nationwide Fund Advsr has 97,944 shares for 0.02% of their US portfolio. Jfs Wealth Advsrs Ltd has 3,626 shares for 0.06% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys has 0.01% invested in the company for 7,919 shares. Knightsbridge Asset Management Ltd Liability has 105,625 shares for 5.79% of their US portfolio. Los Angeles Cap Management Equity Research holds 0% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 4,122 shares. Moreover, Bank & Trust Of Montreal Can has 0% invested in Science Applications International Corp (NYSE:SAIC) for 434 shares. Martingale Asset Management Ltd Partnership last reported 19,714 shares in the company. Schwab Charles Management reported 241,963 shares or 0.02% of all its holdings. Moreover, Cna has 0.18% invested in Science Applications International Corp (NYSE:SAIC) for 12,600 shares. Wells Fargo & Communications Mn, a California-based fund reported 56,797 shares. Advsrs Asset last reported 0% of its portfolio in the stock. State Street holds 1.43 million shares or 0.01% of its portfolio. Regions Financial Corp has 0.02% invested in the company for 20,000 shares. Millennium Management Ltd Liability accumulated 0.01% or 101,046 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 5 sales for $3.88 million net activity. 2,160 shares were sold by Bishop Maria M., worth $150,446. 38,821 Science Applications International Corp (NYSE:SAIC) shares with value of $2.58 million were sold by Moraco Anthony J. $249,400 worth of Science Applications International Corp (NYSE:SAIC) was sold by WAGONER DOUGLAS MARTIN on Wednesday, July 6. $740,251 worth of Science Applications International Corp (NYSE:SAIC) was sold by Hartley John Robert.
More news for Science Applications International Corp (NYSE:SAIC) were recently published by: Nasdaq.com, which released: “Wesco Aircraft Announces Chemical Management Services Agreement With Science …” on November 07, 2016. Bizjournals.com‘s article titled: “Tech giant SAIC discloses 79 layoffs in eastern N.C.” and published on July 01, 2016 is yet another important article.
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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