Wells Fargo & Company Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its price objective lifted by analysts at Wells Fargo & Company from $139.00 to $148.00 in a 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 32.26% from the stock’s previous close.

A number of other research analysts also recently weighed in on SAIC. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. The Goldman Sachs Group reduced their price objective on shares of 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. UBS Group began coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price on the stock. Finally, TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $137.11.

Science Applications International Stock Performance

Shares of SAIC opened at $111.90 on Tuesday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 18.87 and a beta of 0.66. The company’s fifty day moving average is $107.40 and its 200-day moving average is $122.98. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Science Applications International’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC bought a new stake in Science Applications International in the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new stake in shares of Science Applications International during the 4th quarter valued at about $48,000. Quarry LP bought a new stake in Science Applications International in the third quarter valued at about $71,000. Kapitalo Investimentos Ltda bought a new position in Science Applications International during the fourth quarter worth about $58,000. Finally, Jones Financial Companies Lllp lifted its stake in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares during the period. 76.00% of the stock is 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.