Science Applications International (NYSE:SAIC) PT Raised to $150.00 at Barclays

Science Applications International (NYSE:SAIC) had its price target boosted by research analysts at Barclays from $135.00 to $150.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Barclays‘s price target points to a potential upside of 11.90% from the company’s current price.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Science Applications International from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Truist Financial lifted their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Citigroup lifted their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus price target of $139.75.

Science Applications International Stock Down 2.6 %

Science Applications International stock opened at $134.05 on Monday. 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 has a 1-year low of $104.26 and a 1-year high of $145.17. The company has a market cap of $6.64 billion, a PE ratio of 15.70 and a beta of 0.70. The stock’s 50 day moving average price is $125.83 and its 200 day moving average price is $127.01.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $2.05 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Science Applications International will post 8.18 EPS for the current fiscal year.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other Science Applications International news, EVP James Joshua Jackson bought 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was acquired at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Insiders purchased a total of 1,715 shares of company stock valued at $200,507 over the last three months. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently added to or reduced their stakes in the company. BlackDiamond Wealth Management LLC grew its position in Science Applications International by 1.6% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock valued at $668,000 after acquiring an additional 80 shares during the period. Fifth Third Bancorp grew its position in 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 valued at $42,000 after acquiring an additional 84 shares during the period. Cetera Investment Advisers grew its position in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after acquiring an additional 87 shares during the period. Bank of Montreal Can grew its position in Science Applications International by 1.2% during the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after acquiring an additional 90 shares during the period. Finally, Parallel Advisors LLC grew its position in Science Applications International by 62.9% during 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 during the period. Hedge funds and other institutional investors 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.