Wells Fargo & Company Raises Science Applications International (NYSE:SAIC) Price Target to $148.00

Science Applications International (NYSE:SAIC) had its price objective upped by analysts at Wells Fargo & Company from $139.00 to $148.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 31.24% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. cut their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. UBS Group began coverage on Science Applications International in a research note on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target for the company. Finally, The Goldman Sachs Group dropped their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $134.00.

Science Applications International Price Performance

Science Applications International stock opened at $112.77 on Tuesday. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business has a fifty day moving average of $107.37 and a two-hundred day moving average of $122.79. The company has a market cap of $5.51 billion, a P/E ratio of 19.02 and a beta of 0.66.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.43 EPS. As a group, analysts predict that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International 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 owns 6,864 shares in the company, valued at $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in shares of Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after purchasing an additional 874 shares during the period. First Citizens Bank & Trust Co. purchased a new stake in shares of Science Applications International during the 4th quarter worth about $312,000. Pure Financial Advisors LLC grew its holdings in shares of Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares during the period. XTX Topco Ltd grew its holdings in shares of Science Applications International by 219.5% during the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after purchasing an additional 7,310 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after purchasing an additional 18,102 shares during the period. Hedge funds and other 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.