Science Applications International (NYSE:SAIC) Rating Reiterated by Truist Financial

Science Applications International (NYSE:SAIC)‘s stock had its “hold” rating reiterated by Truist Financial in a research note issued to investors on Friday, Benzinga reports. They presently have a $130.00 target price on the information technology services provider’s stock. Truist Financial’s price objective would suggest a potential upside of 5.20% from the stock’s previous close.

A number of other equities research analysts have also weighed in on SAIC. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a report on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Wells Fargo & Company raised their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a report on Tuesday, March 19th. Finally, StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $127.60.

Science Applications International Price Performance

Science Applications International stock opened at $123.58 on Friday. The firm has a market cap of $6.38 billion, a PE ratio of 13.96 and a beta of 0.70. Science Applications International has a 52-week low of $95.43 and a 52-week high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $133.65 and its two-hundred day moving average is $124.24.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. Science Applications International’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 earnings per share. On average, research analysts expect that Science Applications International will post 8.11 EPS for the current fiscal year.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 760 shares of the stock in a transaction on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.29% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in Science Applications International during the 4th quarter worth $25,000. Quarry LP grew its position in Science Applications International by 100.0% during the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 109 shares during the last quarter. CVA Family Office LLC purchased a new position in Science Applications International during the 4th quarter worth $26,000. Gradient Investments LLC grew its position in Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Science Applications International by 62.9% during 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 during the last quarter. 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.