Science Applications International (NYSE:SAIC) Stock Rating Upgraded by JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a $170.00 target price on the information technology services provider’s stock, up from their prior target price of $150.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 18.02% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays lifted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. TD Cowen lifted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Truist Financial upped their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Citigroup increased their target price on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $146.14.

Science Applications International Stock Up 0.5 %

Shares of NYSE SAIC opened at $144.04 on Wednesday. Science Applications International has a 1 year low of $104.46 and a 1 year high of $145.17. The company has a market capitalization of $7.38 billion, a P/E ratio of 16.87 and a beta of 0.70. The company has a 50 day simple moving average of $130.06 and a 200-day simple moving average of $126.87. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. On average, equities research analysts predict that Science Applications International will post 8.17 earnings per share for the current year.

Insider Buying and Selling at Science Applications International

In related news, EVP Michelle A. O’hara acquired 1,000 shares of the stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP James Joshua Jackson acquired 400 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were purchased at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders have purchased 1,550 shares of company stock valued at $184,319 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new position in Science Applications International in the second quarter valued at approximately $27,000. Parallel Advisors LLC boosted its stake in Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the last quarter. CWM LLC increased its position in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Science Applications International by 150.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after purchasing an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.