Wells Fargo Decides to Downgrade Science Applications (NYSE:SAIC) Stock

May 17, 2018 - By Deanna Todd

Science Applications International Corporation (NYSE:SAIC) Logo

Investors sentiment increased to 0.92 in 2017 Q4. 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.

Axa holds 0% of its portfolio in Science Applications International Corporation (NYSE:SAIC) for 12,105 shares. Federated Pa has 0% invested in Science Applications International Corporation (NYSE:SAIC) for 18,865 shares. Boston Family Office Lc owns 2,985 shares for 0.03% of their portfolio. Legal & General Public Limited Com invested in 53,955 shares. Amundi Pioneer Asset Mngmt stated it has 24,924 shares. Prospector Partners Ltd Liability Corporation stated it has 0.89% in Science Applications International Corporation (NYSE:SAIC). 42,571 were reported by Eaton Vance Management. California State Teachers Retirement System invested in 68,738 shares or 0.01% of the stock. Swiss Fincl Bank holds 0.01% or 74,415 shares. Fifth Third Commercial Bank reported 0% in Science Applications International Corporation (NYSE:SAIC). 170,163 were accumulated by First Advsr Ltd Partnership. Loomis Sayles Company L P holds 0% or 499 shares in its portfolio. Numeric Investors Limited Liability Corporation accumulated 92,300 shares. 16,219 are held by Franklin Res. Foundry Prns Ltd Co holds 121,250 shares or 0.39% of its portfolio.

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

Science Applications (NYSE:SAIC) Receives a Downgrade

In an analyst report sent to clients and investors today, Wells Fargo cut shares of Science Applications (NYSE:SAIC) to a Market Perform rating from the 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. Vertical Research upgraded the stock to “Buy” rating in Friday, December 8 report. The firm has “Hold” rating given on Monday, January 8 by Jefferies. Jefferies maintained Science Applications International Corporation (NYSE:SAIC) on Sunday, April 1 with “Hold” rating. The firm earned “Hold” rating on Friday, January 12 by Cowen & Co. The stock of Science Applications International Corporation (NYSE:SAIC) earned “Buy” rating by Seaport Global on Tuesday, April 3. The stock of Science Applications International Corporation (NYSE:SAIC) has “Hold” rating given on Thursday, December 7 by Jefferies.

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 EPS, down 6.48 % or $0.07 from last year’s $1.08 per share. SAIC’s profit will be $42.69 million for 21.28 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 $3.63 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 to Hold Annual Meeting of Stockholders on June 6” on May 03, 2018, also Businesswire.com with their article: “SAIC to Participate in National Take Our Daughters and Sons to Work Day” published on April 25, 2018, Businesswire.com published: “SAIC Awarded $73 Million Task Order by SPAWAR” on April 23, 2018. More interesting news about Science Applications International Corporation (NYSE:SAIC) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” published on May 17, 2018 as well as Businesswire.com‘s news article titled: “SAIC Breaks Ground on New Platform Innovation Center in South Carolina” with publication date: May 11, 2018.

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

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