Science Applications International (NYSE:SAIC) Given New $135.00 Price Target at Truist Financial

Science Applications International (NYSE:SAIC) had its price target raised by investment analysts at Truist Financial from $125.00 to $135.00 in a research report issued to clients and investors on Friday, 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 0.84% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. StockNews.com lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $127.00.

Science Applications International Stock Down 1.0 %

Shares of NYSE SAIC traded down $1.41 during mid-day trading on Friday, reaching $133.87. The company had a trading volume of 49,931 shares, compared to its average volume of 300,513. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 15.68 and a beta of 0.70. The stock has a fifty day moving average of $122.72 and a two-hundred day moving average of $127.36. Science Applications International has a 12-month low of $104.26 and a 12-month high of $145.17.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.05 EPS. As a group, equities research analysts expect that Science Applications International will post 8.06 EPS for the current year.

Insider Buying and Selling at Science Applications International

In related news, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was bought at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Michelle A. O’hara bought 1,000 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prabu Natarajan bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average price of $114.85 per share, for a total transaction of $229,700.00. Following the acquisition, the chief financial officer now directly owns 60,630 shares in the company, valued at $6,963,355.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 3,715 shares of company stock worth $430,207 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAIC. Norges Bank bought a new position in Science Applications International during the fourth quarter worth $75,040,000. First Trust Advisors LP raised its holdings in Science Applications International by 14.8% in the 4th quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after acquiring an additional 233,075 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Science Applications International by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock valued at $504,995,000 after purchasing an additional 194,160 shares during the period. Van ECK Associates Corp raised its stake in shares of Science Applications International by 122.7% in the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after purchasing an additional 113,260 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in Science Applications International in the first quarter worth $11,044,000. 76.00% of the stock is owned by 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.