Stifel Nicolaus Initiates Coverage on Science Applications International (NYSE:SAIC)

Research analysts at Stifel Nicolaus assumed coverage on shares of Science Applications International (NYSE:SAIC) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $130.00 price target on the information technology services provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 20.82% from the company’s current price.

Several other research analysts have also recently issued reports on SAIC. Jefferies Financial Group raised their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Wells Fargo & Company upped their price objective on shares of Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Barclays cut their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, June 9th. Truist Financial dropped their price objective on Science Applications International from $115.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, June 3rd. Finally, Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.73.

Science Applications International Stock Up 2.5%

Shares of NYSE SAIC opened at $107.60 on Tuesday. The stock has a market capitalization of $5.04 billion, a P/E ratio of 18.15 and a beta of 0.50. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The firm’s 50 day simple moving average is $114.07 and its two-hundred day simple moving average is $111.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the prior year, the business posted $1.92 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Transactions at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of Science Applications International stock in a transaction dated Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,183 shares of the company’s stock, valued at $5,045,585.61. The trade was a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Garth Graham purchased 215 shares of the stock in a transaction dated Monday, April 14th. The stock was bought at an average cost of $116.75 per share, with a total value of $25,101.25. Following the transaction, the director now owns 7,159 shares in the company, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,660 shares of company stock valued at $298,773 in the last three months. 0.44% of the stock is currently owned by company insiders.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. Parallel Advisors LLC grew its holdings in shares of Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 148 shares during the last quarter. US Bancorp DE raised its holdings in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. Larson Financial Group LLC lifted its position in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 98 shares in the last quarter. True Wealth Design LLC bought a new position in Science Applications International in the 4th quarter valued at approximately $48,000. Finally, Fifth Third Bancorp boosted its stake in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider’s stock valued at $53,000 after purchasing an additional 88 shares during the last quarter. 76.00% of the stock is currently owned by 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.