Should Investors Be Selling Science Applications Intl (NYSE:SAIC) Stock Following Today’s Wells Fargo Downgrade?

May 17, 2018 - By Ash Ash

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 improved, 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.

New York-based Virtu Fincl Ltd Liability Com has invested 0.02% in Science Applications International Corporation (NYSE:SAIC). 16 are owned by Contravisory Invest Mngmt Inc. Brookstone Management invested in 0.04% or 5,474 shares. Metropolitan Life Com New York holds 0.03% or 24,626 shares in its portfolio. Cambridge Inv Advsr Incorporated reported 4,313 shares. 20,001 are owned by Regions Fin Corporation. Cetera Advisor Ntwk Limited Liability Corp holds 0.01% or 3,308 shares. Prelude Mgmt Ltd Limited Liability Company stated it has 350 shares or 0% of all its holdings. Svcs Automobile Association holds 0.01% of its portfolio in Science Applications International Corporation (NYSE:SAIC) for 63,980 shares. Hsbc Hldgs Public holds 0% or 37,882 shares. Louisiana State Employees Retirement Sys has 0.04% invested in Science Applications International Corporation (NYSE:SAIC) for 10,900 shares. Commercial Bank Of Mellon Corp has invested 0.01% in Science Applications International Corporation (NYSE:SAIC). Laurion Cap Mngmt Lp holds 0% or 3,100 shares in its portfolio. Comerica National Bank & Trust owns 74,768 shares or 0.04% of their US portfolio. Hightower Advsr Llc reported 0.02% stake.

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

Science Applications Intl (NYSE:SAIC) Receives a Downgrade

In a report sent to clients and investors on Thursday, 17 May, stock research analysts at Wells Fargo’s equities research division lowered the rating for Science Applications Intl (NYSE:SAIC) shares from the previous “Outperform” to a “Market Perform”.

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 -1.38% below currents $86.19 stock price. Science Applications Intl had 6 analyst reports since December 8, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of SAIC in report on Friday, January 12 with “Hold” rating. The stock has “Buy” rating by Seaport Global on Tuesday, April 3. The rating was maintained by Jefferies on Monday, January 8 with “Hold”. The stock of Science Applications International Corporation (NYSE:SAIC) earned “Hold” rating by Jefferies on Thursday, December 7. The rating was upgraded by Vertical Research on Friday, December 8 to “Buy”. The stock of Science Applications International Corporation (NYSE:SAIC) earned “Hold” rating by Jefferies on Sunday, April 1.

The stock decreased 4.34% or $3.91 during the last trading session, reaching $86.19. About 472,489 shares traded or 87.84% up from the average. Science Applications International Corporation (NYSE:SAIC) has declined 13.85% since May 18, 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 EPS, down 6.48 % or $0.07 from last year’s $1.08 per share. SAIC’s profit will be $42.68 million for 21.33 P/E if the $1.01 EPS becomes a reality. After $1.16 actual EPS 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 $3.64 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 21.44 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 Awarded $73 Million Task Order by SPAWAR” on April 23, 2018, also Bizjournals.com with their article: “Ex-CSRA executive lands at SAIC” published on April 30, 2018, Businesswire.com published: “SAIC to Participate in National Take Our Daughters and Sons to Work Day” on April 25, 2018. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Businesswire.com and their article: “SAIC Breaks Ground on New Platform Innovation Center in South Carolina” published on May 11, 2018 as well as Businesswire.com‘s news article titled: “SAIC Schedules First Quarter Fiscal Year 2019 Earnings Release and Conference Call for June 12 at 5 pm Eastern Time” with publication date: May 15, 2018.

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

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