Science Applications International (NYSE:SAIC) Price Target Cut to $115.00 by Analysts at Truist Financial

Science Applications International (NYSE:SAIC) had its price target cut by equities researchers at Truist Financial from $135.00 to $115.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s target price would indicate a potential upside of 3.49% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price target on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.00.

Science Applications International Stock Down 0.7 %

Shares of NYSE:SAIC traded down $0.78 during trading on Tuesday, hitting $111.12. The company’s stock had a trading volume of 148,084 shares, compared to its average volume of 425,147. 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 has a 50 day moving average price of $107.40 and a two-hundred day moving average price of $122.98. The company has a market capitalization of $5.43 billion, a PE ratio of 18.74 and a beta of 0.66. Science Applications International has a fifty-two week low of $94.68 and a fifty-two week high of $156.34.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.43 earnings per share. As a group, research analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Activity

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the 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 transaction, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the fourth quarter worth about $28,000. True Wealth Design LLC acquired a new position in Science Applications International during the fourth quarter worth about $48,000. Quarry LP acquired a new position in Science Applications International during the third quarter worth about $71,000. Kapitalo Investimentos Ltda acquired a new position in Science Applications International during the fourth quarter worth about $58,000. Finally, Jones Financial Companies Lllp grew its position 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 buying an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other 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.