UBS Group Forecasts Strong Price Appreciation for Science Applications International (NYSE:SAIC) Stock

Science Applications International (NYSE:SAIC) had its price objective upped by equities research analysts at UBS Group from $123.00 to $126.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the information technology services provider’s stock. UBS Group’s price objective would indicate a potential upside of 11.73% from the stock’s previous close.

Several other equities analysts have also recently commented on SAIC. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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. 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $134.00.

Science Applications International Trading Down 0.6 %

NYSE:SAIC opened at $112.77 on Tuesday. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 19.02 and a beta of 0.66. The firm has a 50-day moving average price of $107.37 and a two-hundred day moving average price of $122.79. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

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

Insider Buying and Selling

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were 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 in the company, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. increased its stake in 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 worth $244,412,000 after buying an additional 464,989 shares in the last quarter. State Street Corp grew its stake in shares of Science Applications International by 1.0% during the third 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. First Trust Advisors LP raised its holdings in shares of Science Applications International by 0.3% in the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock worth $136,163,000 after buying an additional 3,078 shares during the period. Geode Capital Management LLC lifted its stake 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 acquiring an additional 18,102 shares during the last quarter. Finally, Norges Bank bought a new stake in Science Applications International during the 4th quarter valued at about $63,572,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.