UBS Group Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its price target raised by equities research analysts at UBS Group from $123.00 to $126.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s price objective indicates a potential upside of 15.26% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average target price of $136.22.

Science Applications International Stock Down 2.3 %

Shares of Science Applications International stock opened at $109.32 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 18.32 and a beta of 0.66. The company’s 50 day moving average is $107.40 and its 200 day moving average is $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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Insider Activity at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the 4th quarter valued at approximately $28,000. True Wealth Design LLC bought a new position in shares of Science Applications International during the 4th quarter valued at approximately $48,000. Kapitalo Investimentos Ltda purchased a new position in shares of Science Applications International in the fourth quarter valued at $58,000. Quarry LP bought a new stake in Science Applications International in the third quarter worth $71,000. Finally, Jones Financial Companies Lllp raised its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Company Profile

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.