Science Applications International (NYSE:SAIC) Given New $105.00 Price Target at Barclays

Science Applications International (NYSE:SAIC - Get Free Report) had its target price dropped by stock analysts at Barclays from $115.00 to $105.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the information technology services provider's stock. Barclays's price objective would suggest a potential upside of 1.30% from the stock's current price.

Several other equities analysts have also recently weighed in on SAIC. JPMorgan Chase & Co. cut their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. UBS Group reduced their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research report on Tuesday, June 3rd. 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 research report on Wednesday, June 4th. Finally, Truist Financial cut their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of "Hold" and a consensus target price of $124.20.

Science Applications International Stock Down 1.6%

Shares of SAIC traded down $1.67 during mid-day trading on Monday, hitting $103.65. 274,096 shares of the company's stock were exchanged, compared to its average volume of 533,042. 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 twelve month low of $94.68 and a twelve month high of $156.34. The firm has a fifty day moving average of $116.34 and a two-hundred day moving average of $112.71. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 17.48 and a beta of 0.50.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.92 EPS. On average, sell-side analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Garth Graham acquired 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Toni Townes-Whitley acquired 2,000 shares of the firm's stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the transaction, the chief executive officer now directly owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was a 4.63% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,260 shares of company stock worth $365,037 in the last three months. Insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of SAIC. Empowered Funds LLC raised its stake in Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the period. Truist Financial Corp lifted its holdings in shares of Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock valued at $430,000 after purchasing an additional 233 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Science Applications International in the fourth quarter valued at about $1,414,000. Savant Capital LLC boosted its position in shares of Science Applications International by 308.0% during the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider's stock worth $1,057,000 after buying an additional 7,139 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Science Applications International by 30.4% during the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider's stock worth $36,529,000 after buying an additional 76,204 shares in the last quarter. 76.00% of the stock is owned by 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.

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