UBS Group Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC - Get Free Report) had its price target upped by research analysts at UBS Group from $123.00 to $126.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the information technology services provider's stock. UBS Group's target price points to a potential upside of 18.98% from the stock's current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. The Goldman Sachs Group cut their target price on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday. 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. Finally, TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $134.00.

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Science Applications International Price Performance

Shares of SAIC stock traded down $0.08 on Tuesday, hitting $105.90. 1,180,355 shares of the stock traded hands, compared to its average volume of 432,636. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 17.86 and a beta of 0.66. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The firm has a 50 day simple moving average of $107.01 and a two-hundred day simple moving average of $122.46. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its 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 company had revenue of $1.84 billion during 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%. Science Applications International's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.43 earnings per share. As a group, equities research analysts predict that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. This represents a 32.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

Institutional Trading of Science Applications International

Large investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC purchased a new stake in shares of Science Applications International in the 4th quarter valued at $28,000. True Wealth Design LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at $48,000. Kapitalo Investimentos Ltda acquired a new position in shares of Science Applications International in the 4th quarter valued at $58,000. Quarry LP acquired a new position in shares of Science Applications International in the 3rd quarter valued at $71,000. Finally, Jones Financial Companies Lllp lifted 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 purchasing an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other 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.