UBS Group Initiates Coverage on Science Applications International (NYSE:SAIC)

UBS Group started coverage on shares of Science Applications International (NYSE:SAIC) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating and a $134.00 price target on the information technology services provider’s stock. UBS Group’s price objective indicates a potential upside of 8.93% from the stock’s previous close.

Other analysts have also recently issued reports about the company. TD Cowen boosted 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. Wells Fargo & Company raised shares of Science Applications International from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $157.00 to $147.00 in a research note on Tuesday, November 26th. Citigroup raised their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial lifted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $147.13.

Science Applications International Price Performance

SAIC opened at $123.01 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. The company’s 50 day simple moving average is $139.04 and its 200-day simple moving average is $129.72. Science Applications International has a one year low of $112.00 and a one year high of $156.34. The stock has a market capitalization of $6.09 billion, a P/E ratio of 22.12 and a beta of 0.64.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data 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 firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Sell-side analysts anticipate that Science Applications International will post 8.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Science Applications International

Large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after buying an additional 56,414 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after buying an additional 25,807 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Science Applications International by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after acquiring an additional 6,780 shares in 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.