Science Applications International (NYSE:SAIC) Earns Neutral Rating from Analysts at UBS Group

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

SAIC has been the subject of several other research reports. TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Barclays increased their price objective on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Finally, StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.13.

Science Applications International Trading Down 1.1 %

NYSE SAIC opened at $123.01 on Monday. Science Applications International has a 52 week low of $112.00 and a 52 week high of $156.34. 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’s 50 day moving average price is $139.04 and its two-hundred day moving average price is $129.72. The stock has a market capitalization of $6.09 billion, a price-to-earnings 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, topping analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. As a group, analysts anticipate that Science Applications International will post 8.21 earnings per share for the current fiscal year.

Institutional Trading of Science Applications International

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