Is Science Applications (NYSE:SAIC) Now a Sell? Why did Wells Fargo Downgrade The Stock?

May 17, 2018 - By Eugene Smith

Science Applications International Corporation (NYSE:SAIC) Logo

Investors sentiment increased to 0.92 in Q4 2017. Its up 0.07, from 0.85 in 2017Q3. It is positive, as 22 investors sold Science Applications International Corporation shares while 81 reduced holdings. 40 funds opened positions while 55 raised stakes. 25.90 million shares or 1.37% less from 26.26 million shares in 2017Q3 were reported.

Koch has 4,466 shares. Parallax Volatility Advisers Ltd Partnership owns 6,594 shares. First Midwest Bancorporation Tru Division, Illinois-based fund reported 6,833 shares. Jpmorgan Chase And, New York-based fund reported 501,905 shares. Verition Fund Limited Liability Corporation accumulated 6,635 shares. Barclays Public Lc, a United Kingdom-based fund reported 22,075 shares. Citadel Advsr invested in 0.01% or 135,096 shares. Amundi Pioneer Asset Mgmt reported 0% stake. Whittier Tru Company stated it has 498 shares. Visionary Asset Mngmt holds 4,317 shares or 0.09% of its portfolio. Sei Invests Company has 0% invested in Science Applications International Corporation (NYSE:SAIC). Keybank National Association Oh has 12,963 shares. Profund Advsrs Limited Co owns 6,466 shares. Homrich Berg owns 20,560 shares. Invesco Ltd stated it has 0% in Science Applications International Corporation (NYSE:SAIC).

Since April 4, 2018, it had 0 insider buys, and 1 sale for $6.63 million activity.

Science Applications (NYSE:SAIC) Receives a Downgrade

Shares of New York-listed Science Applications (NYSE:SAIC) Have been downgraded by professional analysts at Wells Fargo. Wells Fargo cut their rating for the $3.63B market cap company to a Market Perform from their previous Outperform rating.

Science Applications International Corporation (NYSE:SAIC) Ratings Coverage

Among 4 analysts covering Science Applications Intl (NYSE:SAIC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Science Applications Intl has $9000 highest and $73.0 lowest target. $85’s average target is -1.12% below currents $85.96 stock price. Science Applications Intl had 6 analyst reports since December 8, 2017 according to SRatingsIntel. Seaport Global maintained Science Applications International Corporation (NYSE:SAIC) rating on Tuesday, April 3. Seaport Global has “Buy” rating and $9000 target. The firm earned “Hold” rating on Monday, January 8 by Jefferies. The firm earned “Hold” rating on Friday, January 12 by Cowen & Co. Jefferies maintained the stock with “Hold” rating in Sunday, April 1 report. On Friday, December 8 the stock rating was upgraded by Vertical Research to “Buy”. Jefferies maintained Science Applications International Corporation (NYSE:SAIC) on Thursday, December 7 with “Hold” rating.

The stock decreased 4.59% or $4.14 during the last trading session, reaching $85.96. About 268,675 shares traded or 6.81% up from the average. Science Applications International Corporation (NYSE:SAIC) has declined 13.85% since May 17, 2017 and is downtrending. It has underperformed by 25.40% the S&P500.

Analysts await Science Applications International Corporation (NYSE:SAIC) to report earnings on June, 11. They expect $1.01 earnings per share, down 6.48 % or $0.07 from last year’s $1.08 per share. SAIC’s profit will be $42.69M for 21.28 P/E if the $1.01 EPS becomes a reality. After $1.16 actual earnings per share reported by Science Applications International Corporation for the previous quarter, Wall Street now forecasts -12.93 % negative EPS growth.

Science Applications International Corporation provides technical, engineering, and enterprise information technology services primarily in the United States. The company has market cap of $3.63 billion. The companyÂ’s 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 customersÂ’ IT infrastructure. It has a 21.38 P/E ratio. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; the U.S.

More notable recent Science Applications International Corporation (NYSE:SAIC) news were published by: Businesswire.com which released: “SAIC Schedules First Quarter Fiscal Year 2019 Earnings Release and Conference Call for June 12 at 5 pm Eastern Time” on May 15, 2018, also Bizjournals.com with their article: “Ex-CSRA executive lands at SAIC” published on April 30, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Businesswire.com and their article: “SAIC to Manage NASA’s IT Infrastructure Under New Web Services Support Task Order” published on April 24, 2018 as well as Businesswire.com‘s news article titled: “SAIC Awarded $73 Million Task Order by SPAWAR” with publication date: April 23, 2018.

Science Applications International Corporation (NYSE:SAIC) Institutional Positions Chart

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