UBS Group Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC - Get Free Report) had its target price dropped by stock analysts at UBS Group from $121.00 to $111.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the information technology services provider's stock. UBS Group's target price suggests a potential upside of 5.39% from the company's current price.

Several other brokerages have also issued reports on SAIC. Jefferies Financial Group lifted their price target on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price target on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price target 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of "Hold" and an average target price of $128.70.

Science Applications International Price Performance

Science Applications International stock traded up $2.87 during trading hours on Tuesday, reaching $105.32. 728,278 shares of the stock were exchanged, compared to its average volume of 533,079. The company has a current ratio of 0.87, a quick 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 company has a market cap of $5.03 billion, a P/E ratio of 17.76 and a beta of 0.55. The stock has a 50 day moving average of $116.34 and a two-hundred day moving average of $112.87.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share 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%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.92 EPS. Equities analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Activity

In related news, Director Carolyn B. Handlon purchased 230 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Milford W. Mcguirt acquired 500 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. The trade was a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 3,260 shares of company stock valued at $365,037 over the last quarter. 0.44% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $63,572,000. AQR Capital Management LLC increased its position in shares of Science Applications International by 115.8% during the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock worth $107,379,000 after buying an additional 513,192 shares during the period. Invesco Ltd. raised its stake in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after buying an additional 485,496 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock valued at $244,412,000 after buying an additional 464,989 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Science Applications International in the fourth quarter valued at $34,909,000. 76.00% of the stock is currently 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.