Science Applications International (NYSE:SAIC) Price Target Cut to $111.00 by Analysts at UBS Group

Science Applications International (NYSE:SAIC - Get Free Report) had its price objective dropped by investment analysts at UBS Group from $121.00 to $111.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the information technology services provider's stock. UBS Group's price target would indicate a potential upside of 8.54% from the company's current price.

Several other equities research analysts have also issued reports on the stock. Cantor Fitzgerald raised shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. Truist Financial cut their price target on shares of 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. JPMorgan Chase & Co. decreased their price objective on 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 decreased their price target on 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, Jefferies Financial Group upped their price target on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Thursday, May 15th. 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $128.70.

Science Applications International Stock Performance

Science Applications International stock traded down $1.16 during mid-day trading on Tuesday, reaching $102.27. The company had a trading volume of 663,296 shares, compared to its average volume of 530,416. The company has a 50 day moving average of $116.90 and a 200-day moving average of $113.16. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 17.25 and a beta of 0.55.

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 net margin of 4.11% and a return on equity of 24.18%. The firm's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 EPS. On average, sell-side analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Insider Activity at Science Applications International

In other Science Applications International news, Director Carolyn B. Handlon purchased 230 shares of the business's stock in a transaction on Monday, April 7th. The shares were purchased at an average cost of $109.93 per share, with a total value of $25,283.90. Following the transaction, the director now directly owns 4,032 shares of the company's stock, valued at $443,237.76. This represents a 6.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Toni Townes-Whitley acquired 2,000 shares of Science Applications International stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. The trade was 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 acquired 3,260 shares of company stock worth $365,037. 0.44% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC bought a new position in Science Applications International in the fourth quarter valued at approximately $28,000. Parallel Advisors LLC grew 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. US Bancorp DE grew 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. Larson Financial Group LLC increased its holdings in Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after buying an additional 98 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in Science Applications International during the fourth quarter worth $48,000. Institutional investors own 76.00% of the company's stock.

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.