Wells Fargo & Company Increases Science Applications International (NYSE:SAIC) Price Target to $157.00

Science Applications International (NYSE:SAIC) had its price target lifted by equities researchers at Wells Fargo & Company from $122.00 to $157.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the information technology services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 9.74% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Truist Financial increased their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. TD Cowen increased their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Finally, Barclays raised their target price on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and a consensus target price of $150.43.

Science Applications International Stock Up 0.5 %

Science Applications International stock opened at $143.07 on Friday. Science Applications International has a fifty-two week low of $105.97 and a fifty-two week high of $145.97. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $131.73 and its 200 day simple moving average is $127.33. The stock has a market cap of $7.08 billion, a PE ratio of 25.67 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 (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. Research analysts predict that Science Applications International will post 8.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Science Applications International during the fourth quarter worth about $635,000. Wellington Management Group LLP increased its position in shares of Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after purchasing an additional 194,160 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Science Applications International in the fourth quarter worth approximately $950,000. HighPoint Advisor Group LLC purchased a new stake in Science Applications International in the fourth quarter valued at approximately $884,000. Finally, Global Assets Advisory LLC bought a new stake in Science Applications International during the first quarter valued at approximately $11,044,000. 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.