Science Applications International (NYSE:SAIC) Stock Price Expected to Rise, UBS Group Analyst Says

Science Applications International (NYSE:SAIC) had its price objective boosted by equities researchers at UBS Group from $123.00 to $126.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s target price suggests a potential upside of 15.26% from the stock’s previous close.

SAIC has been the topic of a number of other research reports. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lowered their price target 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. Cantor Fitzgerald upgraded shares of 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 on the stock in a research report on Friday, December 6th. Finally, TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $136.22.

Science Applications International Stock Performance

NYSE SAIC opened at $109.32 on Tuesday. Science Applications International has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a market cap of $5.34 billion, a P/E ratio of 18.32 and a beta of 0.66. 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’s 50 day moving average price is $107.40 and its 200-day moving average price is $122.98.

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

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the sale, the director now 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 the SEC website. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIC. Norges Bank acquired a new stake in Science Applications International during the fourth quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after buying an additional 464,989 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $34,909,000. AQR Capital Management LLC raised its position in shares of Science Applications International by 68.4% during the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock valued at $49,413,000 after buying an additional 179,963 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Science Applications International in the fourth quarter valued at $18,694,000. 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.