Science Applications International (NYSE:SAIC) Price Target Lowered to $140.00 at JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) had its price target lowered by analysts at JPMorgan Chase & Co. from $148.00 to $140.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 19.10% from the company’s previous close.

SAIC has been the subject of several other reports. Truist Financial cut their price target on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group raised their target price on Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $131.33.

Science Applications International Stock Up 0.9 %

SAIC opened at $117.55 on Tuesday. The business has a 50 day moving average price of $106.95 and a two-hundred day moving average price of $119.55. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. The company has a market cap of $5.61 billion, a PE ratio of 19.82 and a beta of 0.58. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. As a group, research analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Insider Buying and Selling

In related news, CEO Toni Townes-Whitley bought 2,000 shares of Science Applications International stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the purchase, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were bought at an average cost of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now directly owns 6,841 shares of the company’s stock, valued at $756,477.78. This represents a 7.89 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock worth $365,037 in the last three months. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $28,000. Parallel Advisors LLC raised its holdings in Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $48,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Science Applications International during the fourth quarter worth $58,000. Finally, UMB Bank n.a. grew its position in shares of Science Applications International by 220.1% in the first quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock valued at $63,000 after purchasing an additional 383 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

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.