Science Applications International (NYSE:SAIC) Now Covered by Analysts at Stifel Nicolaus

Equities research analysts at Stifel Nicolaus initiated coverage on shares of Science Applications International (NYSE:SAIC - Get Free Report) in a research report issued on Tuesday. The brokerage set a "buy" rating and a $130.00 price target on the information technology services provider's stock. Stifel Nicolaus' target price would suggest a potential upside of 24.75% from the company's current price.

SAIC has been the subject of several other reports. Truist Financial reduced their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday, June 3rd. Wells Fargo & Company increased their price target 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. Barclays lowered their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. JPMorgan Chase & Co. cut their target price on shares of 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. Finally, UBS Group decreased their target price on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Science Applications International has an average rating of "Hold" and a consensus price target of $124.73.

Science Applications International Price Performance

NYSE SAIC opened at $104.21 on Tuesday. 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 1 year low of $94.68 and a 1 year high of $156.34. The company has a market cap of $4.88 billion, a PE ratio of 17.57 and a beta of 0.50. The stock's 50-day moving average price is $114.49 and its two-hundred day moving average price is $111.30.

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 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%. During the same quarter in the previous year, the company posted $1.92 earnings per share. The company's quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Science Applications International will post 8.27 EPS for the current year.

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the stock in a transaction dated Friday, March 28th. The shares were acquired at an average price 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 in the company, valued at approximately $5,045,585.61. The trade was a 4.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Garth Graham purchased 215 shares of the firm's stock in a transaction on Monday, April 14th. The stock was bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares in the company, valued at approximately $835,813.25. The trade was a 3.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,260 shares of company stock worth $365,037. 0.44% of the stock is currently owned by insiders.

Institutional Trading of Science Applications International

Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 88 shares during the period. US Bancorp DE grew its position in 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 acquiring an additional 90 shares during the period. Focus Partners Wealth boosted its stake in shares of Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after purchasing an additional 94 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after purchasing an additional 98 shares in the last quarter. Finally, Xponance Inc. grew its stake in Science Applications International by 1.5% during the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.