Wells Fargo & Company Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its target price raised by research analysts at Wells Fargo & Company from $139.00 to $148.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 31.24% from the company’s current price.

Several other equities analysts have also commented on SAIC. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group began coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price on the stock. TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Stock Performance

Science Applications International stock opened at $112.77 on Tuesday. The stock’s 50 day moving average price is $107.37 and its 200 day moving average price is $122.79. The firm has a market capitalization of $5.51 billion, a PE ratio of 19.02 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. Science Applications International’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. As a group, sell-side analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments Inc grew its stake in Science Applications International by 56.9% during the 3rd quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider’s stock worth $419,000 after buying an additional 1,091 shares during the last quarter. GSA Capital Partners LLP bought a new position in Science Applications International during the 3rd quarter worth $430,000. KBC Group NV grew its stake in Science Applications International by 15.3% during the 3rd quarter. KBC Group NV now owns 1,474 shares of the information technology services provider’s stock worth $205,000 after buying an additional 196 shares during the last quarter. CIBC Asset Management Inc bought a new position in Science Applications International during the 3rd quarter worth $220,000. Finally, Empowered Funds LLC grew its stake in Science Applications International by 11.6% during the 3rd quarter. Empowered Funds LLC now owns 4,675 shares of the information technology services provider’s stock worth $651,000 after buying an additional 487 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.