Wells Fargo & Company Has Lowered Expectations for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC - Get Free Report) had its target price lowered by research analysts at Wells Fargo & Company from $148.00 to $132.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the information technology services provider's stock. Wells Fargo & Company's target price would indicate a potential upside of 13.29% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their price target for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial dropped their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research report on Tuesday, March 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $132.22.

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Science Applications International Trading Up 3.1 %

SAIC traded up $3.55 during trading on Tuesday, hitting $116.51. The company's stock had a trading volume of 610,631 shares, compared to its average volume of 484,676. 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 capitalization of $5.56 billion, a P/E ratio of 19.65 and a beta of 0.58. The stock's fifty day moving average price is $106.74 and its 200-day moving average price is $119.81. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share 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 analysts' expectations of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. Analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the business's stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the transaction, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 3,045 shares of company stock valued at $339,935. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently modified their holdings of SAIC. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International during the 4th quarter worth about $28,000. Parallel Advisors LLC lifted its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Science Applications International during the 4th quarter valued at about $48,000. Kapitalo Investimentos Ltda acquired a new position in Science Applications International in the 4th quarter valued at about $58,000. Finally, Jones Financial Companies Lllp grew its position in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.