Is Science Applications Intl (NYSE:SAIC) Now a Sell? Why did Drexel Hamilton Downgrade The Stock?

June 13, 2018 - By Gary Horn

Science Applications International Corporation (NYSE:SAIC) Logo

Investors sentiment increased to 0.93 in 2018 Q1. Its up 0.01, from 0.92 in 2017Q4. It increased, as 13 investors sold Science Applications International Corporation shares while 87 reduced holdings. 36 funds opened positions while 57 raised stakes. 25.58 million shares or 1.26% less from 25.90 million shares in 2017Q4 were reported.

Gemmer Asset Management Ltd Liability Corp invested in 124 shares. San Francisco Sentry Invest Group (Ca) holds 0% or 62 shares in its portfolio. Stone Ridge Asset Management Limited Liability Corp has invested 0.05% in Science Applications International Corporation (NYSE:SAIC). Bnp Paribas Arbitrage Sa reported 13,409 shares. Federated Investors Pa reported 0% stake. Parkside Bankshares Trust has invested 0% in Science Applications International Corporation (NYSE:SAIC). Shelton Capital Mngmt reported 3,057 shares. New Mexico Educational Retirement Board reported 11,900 shares. Comerica Financial Bank owns 75,849 shares. Riverhead Cap Mgmt Ltd Company accumulated 0.01% or 3,385 shares. 1,215 are owned by Whittier Tru Co Of Nevada. Utd Service Automobile Association reported 78,042 shares. Employees Retirement Systems Of Ohio invested in 35,831 shares. Piedmont Invest Advisors Limited Liability Co invested in 7,461 shares. Ronna Sue Cohen reported 0.34% stake.

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

Science Applications Intl (NYSE:SAIC) Receives a Downgrade

Equity research analysts at Drexel Hamilton’s equity division decreased the rating for shares of Science Applications Intl (NYSE:SAIC) from a Buy to a Hold on Wednesday morning.

Science Applications International Corporation (NYSE:SAIC) Ratings Coverage

Among 5 analysts covering Science Applications (NYSE:SAIC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Science Applications has $9000 highest and $78.0 lowest target. $85.40’s average target is 2.48% above currents $83.33 stock price. Science Applications had 6 analyst reports since January 8, 2018 according to SRatingsIntel. The company was maintained on Monday, January 8 by Jefferies. Seaport Global maintained the shares of SAIC in report on Tuesday, April 3 with “Buy” rating. The rating was downgraded by Wells Fargo to “Hold” on Thursday, May 17. The firm has “Hold” rating given on Friday, January 12 by Cowen & Co. The firm earned “Hold” rating on Sunday, April 1 by Jefferies.

The stock decreased 5.39% or $4.75 during the last trading session, reaching $83.33. About 241,206 shares traded. Science Applications International Corporation (NYSE:SAIC) has risen 10.31% since June 13, 2017 and is uptrending. It has underperformed by 2.26% the S&P500.

Science Applications International Corporation provides technical, engineering, and enterprise information technology services primarily in the United States. The company has market cap of $3.52 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 20.73 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: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 13, 2018” on June 13, 2018, also Benzinga.com with their article: “Earnings Scheduled For June 12, 2018” published on June 12, 2018, Streetinsider.com published: “Science Applications (SAIC) PT Raised to $100 at SunTrust Citing Tailwinds from Improving Demand Environment” on June 13, 2018. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Benzinga.com and their article: “8 Stocks To Watch For June 12, 2018” published on June 12, 2018 as well as Bizjournals.com‘s news article titled: “The GSA has prevailed in a court battle over this massive IT contract” with publication date: June 07, 2018.

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

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