Truist Financial Has Lowered Expectations for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its price target lowered by Truist Financial from $135.00 to $115.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price indicates a potential upside of 1.98% from the company’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. dropped their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price target on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $134.00.

Science Applications International Stock Performance

SAIC stock opened at $112.77 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.51 billion, a P/E ratio of 19.02 and a beta of 0.66. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The stock’s 50 day simple moving average is $107.37 and its 200 day simple moving average is $122.79.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.57. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. As a group, equities research analysts predict that Science Applications International will post 8.27 EPS for the current year.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Xponance Inc. increased its holdings in shares of Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after acquiring an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 100 shares during the last quarter. Mariner LLC grew its holdings in Science Applications International by 2.8% in the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock valued at $433,000 after buying an additional 106 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after buying an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.