Science Applications International (NASDAQ:SAIC) Now Covered by Analysts at BNP Paribas Exane

Analysts at BNP Paribas Exane initiated coverage on shares of Science Applications International (NASDAQ:SAIC) in a research report issued on Wednesday. The firm set a “neutral” rating and a $95.00 price target on the stock. BNP Paribas Exane’s price target suggests a potential downside of 5.64% from the stock’s current price.

Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Truist Financial cut their target price on Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Stifel Nicolaus reduced their price target on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. The Goldman Sachs Group lowered their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. Finally, Zacks Research cut shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Science Applications International has an average rating of “Hold” and an average price target of $109.20.

Science Applications International Trading Down 0.7%

Shares of SAIC stock traded down $0.69 during trading hours on Wednesday, reaching $100.68. The company’s stock had a trading volume of 139,423 shares, compared to its average volume of 599,591. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The firm’s fifty day simple moving average is $95.92 and its 200 day simple moving average is $96.49. The stock has a market capitalization of $4.37 billion, a P/E ratio of 13.10 and a beta of 0.28. Science Applications International has a one year low of $81.08 and a one year high of $121.05.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Equities research analysts expect that Science Applications International will post 9.61 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in Science Applications International in the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC grew its holdings in shares of Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after acquiring an additional 215 shares during the period. Wexford Capital LP bought a new position in Science Applications International in the third quarter valued at about $29,000. Rakuten Securities Inc. boosted its position in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Science Applications International during the 4th quarter valued at about $35,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.