Science Applications International (NYSE:SAIC) Price Target Cut to $105.00 by Analysts at Barclays

Science Applications International (NYSE:SAIC - Get Free Report) had its price objective cut by equities researchers at Barclays from $115.00 to $105.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the information technology services provider's stock. Barclays's target price would suggest a potential upside of 0.09% from the stock's current price.

SAIC has been the topic of a number of other reports. Truist Financial reduced their target price on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group reduced their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday, June 3rd. Finally, Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $124.20.

Science Applications International Price Performance

SAIC stock traded up $1.11 during trading on Monday, reaching $104.91. 463,973 shares of the company were exchanged, compared to its average volume of 537,833. The company has a 50-day moving average of $115.73 and a two-hundred day moving average of $112.45. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 17.69 and a beta of 0.50. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same quarter last year, the firm earned $1.92 EPS. The company's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Garth Graham bought 215 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the purchase, the director now directly owns 7,159 shares in the company, valued at $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley bought 2,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares of the company's stock, valued at $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $28,000. Parallel Advisors LLC lifted its stake in shares of Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after buying an additional 148 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after buying an additional 98 shares in the last quarter. US Bancorp DE lifted its stake in shares of Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after buying an additional 90 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $48,000. 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.