Science Applications International (NYSE:SAIC) Given New $154.00 Price Target at Wells Fargo & Company

Science Applications International (NYSE:SAIC - Get Free Report) had its target price increased by Wells Fargo & Company from $147.00 to $154.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the information technology services provider's stock. Wells Fargo & Company's price objective would indicate a potential upside of 30.44% from the stock's previous close.

SAIC has been the subject of a number of other reports. Citigroup increased their target price on Science Applications International from $160.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a "hold" rating in a research note on Friday, September 6th. UBS Group initiated coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a "neutral" rating and a $134.00 target price for the company. TD Cowen lifted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, September 6th. Finally, StockNews.com lowered shares of Science Applications International from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $145.25.

Science Applications International Stock Performance

Science Applications International stock traded down $2.72 on Thursday, hitting $118.06. The company's stock had a trading volume of 800,313 shares, compared to its average volume of 526,664. The company has a fifty day moving average price of $138.09 and a 200-day moving average price of $129.49. The firm has a market cap of $5.85 billion, a P/E ratio of 19.91 and a beta of 0.64. Science Applications International has a one year low of $112.00 and a one year high of $156.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. On average, equities analysts anticipate that Science Applications International will post 8.57 earnings per share for the current year.

Institutional Trading of Science Applications International

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC acquired a new position in Science Applications International during the 2nd quarter worth $27,000. UMB Bank n.a. boosted its holdings in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after acquiring an additional 203 shares during the last quarter. Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock worth $42,000 after purchasing an additional 84 shares during the period. Finally, CWM LLC raised its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider's stock worth $48,000 after purchasing an additional 147 shares during 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.