Science Applications International (NYSE:SAIC) Price Target Raised to $148.00

Science Applications International (NYSE:SAIC) had its price target increased by equities researchers at Wells Fargo & Company from $139.00 to $148.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 32.26% from the stock’s previous close.

Several other research analysts have also commented on the company. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group dropped their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $137.11.

Science Applications International Stock Up 7.2 %

Shares of NYSE:SAIC opened at $111.90 on Tuesday. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.87 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $107.40 and a two-hundred day moving average of $122.98.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. As a group, analysts forecast that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of SAIC. Cornerstone Planning Group LLC acquired a new stake in shares of Science Applications International during the fourth quarter valued at approximately $28,000. True Wealth Design LLC acquired a new stake in Science Applications International during the 4th quarter valued at $48,000. Quarry LP acquired a new stake in Science Applications International during the 3rd quarter valued at $71,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Science Applications International in the fourth quarter valued at $58,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.