Barclays Raises Science Applications International (NYSE:SAIC) Price Target to $150.00

Science Applications International (NYSE:SAIC) had its price objective boosted by equities researchers at Barclays from $135.00 to $150.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the information technology services provider’s stock. Barclays‘s price target indicates a potential upside of 8.32% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Truist Financial lifted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Citigroup increased their price target on shares of Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, TD Cowen increased their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.75.

Science Applications International Price Performance

NYSE SAIC traded up $1.86 during trading hours on Monday, reaching $138.48. 16,832 shares of the stock traded hands, compared to its average volume of 298,621. The stock has a 50 day simple moving average of $124.95 and a two-hundred day simple moving average of $127.07. Science Applications International has a 1 year low of $104.26 and a 1 year high of $145.17. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 16.19 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 EPS. Science Applications International’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Science Applications International will post 8.18 EPS for the current fiscal year.

Insider Transactions at Science Applications International

In other news, EVP Michelle A. O’hara purchased 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of the stock in a transaction dated Friday, July 12th. The shares were purchased at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James Joshua Jackson acquired 400 shares of Science Applications International stock in a transaction that occurred on Wednesday, July 10th. The stock was acquired at an average price of $114.28 per share, with a total value of $45,712.00. Following the completion of the acquisition, the executive vice president now directly owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders purchased a total of 1,715 shares of company stock valued at $200,507 in the last quarter. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackDiamond Wealth Management LLC boosted its holdings in shares of Science Applications International by 1.6% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock worth $668,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the last quarter. Bank of Montreal Can grew its position in shares of Science Applications International by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after acquiring an additional 90 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 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.