Science Applications International (NYSE:SAIC) Given New $157.00 Price Target at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its price target lifted by equities researchers at Wells Fargo & Company from $122.00 to $157.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price target points to a potential upside of 8.65% from the company’s previous close.

SAIC has been the topic of a number of other research reports. StockNews.com upgraded shares of 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 shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Citigroup raised their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Science Applications International currently has an average rating of “Hold” and a consensus target price of $150.43.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $144.50 on Friday. The company has a market capitalization of $7.16 billion, a PE ratio of 25.99 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $132.55 and a 200-day moving average of $127.56. Science Applications International has a one year low of $105.97 and a one year high of $145.97.

Science Applications International (NYSE:SAIC) last released 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. The business had revenue of $1.82 billion during 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%. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $2.05 EPS. As a group, equities analysts anticipate that Science Applications International will post 8.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently made changes to their positions in SAIC. Fifth Third Bancorp lifted its stake in Science Applications International by 30.4% in 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 last quarter. Cetera Investment Advisers lifted its stake in shares of Science Applications International by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after purchasing an additional 87 shares during the last quarter. Bank of Montreal Can boosted its holdings in Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares in the last quarter. State of Michigan Retirement System increased its position in Science Applications International by 0.8% during the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock worth $1,663,000 after buying an additional 100 shares during the last quarter. Finally, Oliver Luxxe Assets LLC raised its holdings in Science Applications International by 1.3% during the first quarter. Oliver Luxxe Assets LLC now owns 9,102 shares of the information technology services provider’s stock valued at $1,187,000 after buying an additional 119 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

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.