Truist Financial Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

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

A number of other analysts have also recently commented on the company. 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. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Science Applications International from $139.00 to $148.00 and gave the stock an “overweight” rating in a research report on Tuesday. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, UBS Group lifted their price target on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned 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 an average target price of $134.00.

Science Applications International Trading Down 0.6 %

NYSE:SAIC opened at $112.77 on Tuesday. The company has a market capitalization of $5.51 billion, a PE ratio of 19.02 and a beta of 0.66. 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 52-week low of $94.68 and a 52-week high of $156.34. The stock has a fifty day simple moving average of $107.37 and a 200-day simple moving average of $122.79.

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. On average, equities research analysts expect that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s 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 transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at approximately $28,000. True Wealth Design LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at approximately $48,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the 4th quarter valued at approximately $58,000. Quarry LP acquired a new position in shares of Science Applications International in the 3rd quarter valued at approximately $71,000. Finally, Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 156 shares in 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.