Truist Financial Lowers Science Applications International (NYSE:SAIC) Price Target to $115.00

Science Applications International (NYSE:SAIC) had its price target dropped by Truist Financial from $135.00 to $115.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the information technology services provider’s stock. Truist Financial’s price objective points to a potential upside of 3.49% from the company’s previous close.

Other analysts have also issued reports about the stock. Wells Fargo & Company increased their price target on shares of Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $134.00.

Science Applications International Price Performance

SAIC traded down $0.78 on Tuesday, hitting $111.12. 148,084 shares of the company were exchanged, compared to its average volume of 425,147. The business’s fifty day moving average is $107.40 and its 200 day moving average is $122.98. The firm has a market capitalization of $5.43 billion, a P/E ratio of 18.74 and a beta of 0.66. Science Applications International has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. As a group, sell-side analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently bought and sold shares of SAIC. Cornerstone Planning Group LLC purchased a new position in shares of Science Applications International in the 4th quarter valued at $28,000. True Wealth Design LLC purchased a new position in shares of Science Applications International in the 4th quarter valued at $48,000. Kapitalo Investimentos Ltda purchased a new position in shares of Science Applications International in the 4th quarter valued at $58,000. Quarry LP purchased a new position in shares of Science Applications International in the 3rd quarter valued at $71,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after acquiring an additional 156 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.