Science Applications International (NYSE:SAIC) Price Target Lowered to $125.00 at Truist Financial

Science Applications International (NYSE:SAICGet Free Report) had its price objective cut by stock analysts at Truist Financial from $130.00 to $125.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 5.21% from the company’s current price.

Several other analysts also recently commented on SAIC. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th. Wells Fargo & Company boosted their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 19th. JPMorgan Chase & Co. cut their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Finally, StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Science Applications International has an average rating of “Hold” and an average target price of $126.60.

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Science Applications International Stock Performance

Shares of SAIC opened at $118.81 on Tuesday. The business has a 50-day simple moving average of $130.74 and a two-hundred day simple moving average of $129.77. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Science Applications International has a 52 week low of $101.53 and a 52 week high of $145.17. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 13.42 and a beta of 0.73.

Science Applications International (NYSE:SAICGet Free Report) last released its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company posted $2.14 earnings per share. The company’s revenue was down 8.8% compared to the same quarter last year. On average, analysts expect that Science Applications International will post 8.11 EPS for the current year.

Insider Buying and Selling

In other news, EVP Vincent P. Difronzo acquired 795 shares of Science Applications International stock in a transaction on Friday, April 12th. The shares were acquired at an average price of $126.04 per share, with a total value of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the acquisition, the executive vice president now owns 8,772 shares in the company, valued at $1,105,622.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Toni Townes-Whitley acquired 3,000 shares of Science Applications International stock in a transaction on Friday, April 12th. The shares were bought at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in SAIC. International Assets Investment Management LLC grew its stake in shares of Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after buying an additional 91,134 shares during the last quarter. Corient Private Wealth LLC grew its position in Science Applications International by 250.8% in the 4th quarter. Corient Private Wealth LLC now owns 19,643 shares of the information technology services provider’s stock valued at $2,442,000 after acquiring an additional 14,043 shares during the last quarter. UBS Group AG grew its position in Science Applications International by 108.7% in the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider’s stock valued at $5,702,000 after acquiring an additional 28,139 shares during the last quarter. Franklin Resources Inc. increased its stake in Science Applications International by 38.8% in the fourth quarter. Franklin Resources Inc. now owns 39,418 shares of the information technology services provider’s stock worth $4,900,000 after purchasing an additional 11,027 shares during the period. Finally, FMR LLC lifted its position in shares of Science Applications International by 13.2% during the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock worth $297,969,000 after purchasing an additional 328,426 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

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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.

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