Today’s Price Action: Science Applications International Corp Surges to 52-Week High, Is Now Top Performer

Today's Price Action: Science Applications International Corp Surges to 52 Week High, Is Now Top Performer

The stock of Science Applications International Corp (NYSE:SAIC) hit a new 52-week high and has $87.31 target or 4.00% above today’s $83.95 share price. The 9 months bullish chart indicates low risk for the $3.72B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $87.31 price target is reached, the company will be worth $148.80M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.17% or $0.97 during the last trading session, hitting $83.95. About 96,636 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 earnings per share, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.22M for 24.99 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), 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 firm has “Buy” rating given on Wednesday, June 15 by Jefferies. On Thursday, January 7 the stock rating was upgraded by Wells Fargo to “Outperform”. The firm has “Buy” rating given on Wednesday, September 2 by Citigroup. The company was maintained on Wednesday, June 8 by Citigroup. On Tuesday, July 28 the stock rating was initiated by BB&T Capital with “Buy”. The rating was initiated by Jefferies on Wednesday, January 20 with “Buy”. Citigroup maintained it with “Buy” rating and $67 target price in Tuesday, June 14 report. Drexel Hamilton downgraded Science Applications International Corp (NYSE:SAIC) on Friday, September 9 to “Hold” rating. The rating was downgraded by BB&T Capital to “Hold” on Monday, June 13. The stock has “Buy” rating given by Suntrust Robinson on Thursday, December 10.

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 2016 Q2. Its up 0.51, from 0.95 in 2016Q1. The ratio is positive, 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.
Alliancebernstein Lp last reported 135,691 shares in the company. State Of Tennessee Treasury Department holds 36,114 shares or 0.01% of its portfolio. State Bank Of America De owns 162,968 shares or 0% of their US portfolio. Amalgamated Comml Bank has invested 0.02% of its portfolio in Science Applications International Corp (NYSE:SAIC). Amer Century Companies has 0.01% invested in the company for 100,291 shares. Jacobs Levy Equity Mngmt has 0.01% invested in the company for 4,920 shares. Hightower Advsr Lc holds 0.02% or 31,286 shares in its portfolio. Capstone Investment Advisors Limited Liability Co, a New York-based fund reported 5,728 shares. The New York-based Edge Wealth Mgmt Limited Liability Company has invested 0% in Science Applications International Corp (NYSE:SAIC). Blackrock Incorporated has 17,370 shares for 0% of their US portfolio. Ahl Prtn Llp holds 0.07% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 23,683 shares. Piedmont Investment Advsrs Limited Com, a North Carolina-based fund reported 60 shares. First Citizens Bank & Trust & Tru holds 0.04% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 7,244 shares. Los Angeles Management And Equity, a California-based fund reported 4,122 shares. Oregon Pub Employees Retirement Fund has 0.02% invested in the company for 13,860 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 5 insider sales for $3.88 million net activity. Another trade for 38,821 shares valued at $2.58 million was sold by Moraco Anthony J. WAGONER DOUGLAS MARTIN also sold $249,400 worth of Science Applications International Corp (NYSE:SAIC) shares. $150,446 worth of shares were sold by Bishop Maria M. on Friday, September 23. Another trade for 13,000 shares valued at $740,251 was made by Hartley John Robert on Wednesday, June 15.

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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