Rating Flow: Citigroup Gives Science Applications (SAIC) Lower Rating. Lost Its “Buy” Rating

November 29, 2016 - By Marguerite Chambers

Rating Flow: Citigroup Gives Science Applications (SAIC) Lower Rating. Lost Its

Science Applications (SAIC) Downgrade

Citigroup gave Science Applications (SAIC) shares a new “Neutral” rating in a an analyst report revealed on 29 November. This is cut from the last “Buy” rating.

About 99,372 shares traded hands. Science Applications International Corp (SAIC) has risen 56.52% since April 26, 2016 and is uptrending. It has outperformed by 51.27% the S&P500.

Analysts await Science Applications International Corp (NYSE:SAIC) to report earnings on December, 8 before the open. They expect $0.84 EPS, up 15.07% or $0.11 from last year’s $0.73 per share. SAIC’s profit will be $37.14M for 24.97 P/E if the $0.84 EPS becomes a reality. After $0.85 actual EPS reported by Science Applications International Corp for the previous quarter, Wall Street now forecasts -1.18% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.51, from 0.95 in 2016Q1. The ratio increased, 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.

Proffitt & Goodson last reported 0.28% of its portfolio in the stock. Stevens Capital Mgmt Limited Partnership has 0.08% invested in the company for 34,282 shares. Acadian Asset Limited Co accumulated 202 shares or 0% of the stock. Aperio Grp Lc, a California-based fund reported 14,903 shares. Cornercap Investment Counsel last reported 9,435 shares in the company. Moreover, Retirement Of Alabama has 0.02% invested in Science Applications International Corp (NYSE:SAIC) for 53,071 shares. The Missouri-based Scout Inc has invested 0.56% in Science Applications International Corp (NYSE:SAIC). Teacher Retirement Of Texas owns 6,085 shares or 0% of their US portfolio. First Citizens Financial Bank holds 0.04% or 7,244 shares in its portfolio. Cornerstone Advisors last reported 34 shares in the company. Axa holds 0% or 5,800 shares in its portfolio. Boston Ptnrs holds 69,984 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt last reported 0.01% of its portfolio in the stock. Lsv Asset holds 0.01% of its portfolio in Science Applications International Corp (NYSE:SAIC) for 63,171 shares. Blackrock Investment Management Ltd Limited Liability Company has 260,506 shares for 0.02% of their US portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 5 insider sales for $3.88 million net activity. On Wednesday, June 15 Hartley John Robert sold $740,251 worth of the stock or 13,000 shares. $2.58M worth of shares were sold by Moraco Anthony J on Tuesday, September 13. Shares for $249,400 were sold by WAGONER DOUGLAS MARTIN. Another trade for 2,160 shares valued at $150,446 was sold by Bishop Maria M..

Science Applications International Corporation is a well-known provider of technical, engineering and enterprise information technology (IT) services. The company has a market cap of $3.71 billion. The Firm provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies. It has a 29.69 P/E ratio. 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.

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.”

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.

Another recent and important Science Applications International Corp (NYSE:SAIC) news was published by Globenewswire.com which published an article titled: “Wesco Aircraft Announces Chemical Management Services Agreement With Science …” on November 07, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>