Science Applications International (NYSE:SAIC) Price Target Raised to $130.00

Science Applications International (NYSE:SAIC) had its price objective boosted by Jefferies Financial Group from $120.00 to $130.00 in a report released on Thursday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Jefferies Financial Group’s price target indicates a potential upside of 5.34% from the company’s previous close.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Truist Financial decreased their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a report on Tuesday, March 18th. Wells Fargo & Company reduced their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. UBS Group lifted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, March 18th. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $131.20.

Science Applications International Price Performance

NYSE SAIC opened at $123.41 on Thursday. The firm’s 50 day moving average is $115.07 and its 200-day moving average is $115.76. 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 market capitalization of $5.89 billion, a PE ratio of 20.81 and a beta of 0.55. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. Equities research analysts anticipate that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Transactions at Science Applications International

In other news, Director Garth Graham purchased 215 shares of the business’s stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the purchase, the director now owns 7,159 shares of the company’s stock, valued at $835,813.25. This trade represents a 3.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carolyn B. Handlon acquired 230 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average price of $109.93 per share, with a total value of $25,283.90. Following the acquisition, the director now owns 4,032 shares in the company, valued at $443,237.76. The trade was a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,260 shares of company stock valued at $365,037. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Fuller & Thaler Asset Management Inc. raised its holdings in Science Applications International by 14.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock worth $280,685,000 after purchasing an additional 313,539 shares during the last quarter. First Trust Advisors LP raised its stake in Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock worth $136,163,000 after buying an additional 3,078 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Science Applications International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,141,923 shares of the information technology services provider’s stock valued at $128,202,000 after acquiring an additional 30,343 shares during the last quarter. AQR Capital Management LLC boosted its position in Science Applications International by 115.8% during the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after acquiring an additional 513,192 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Science Applications International by 124.8% in the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after purchasing an additional 485,496 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.