Science Applications International (SAIC) Price Target Lowered to $75.00 at Wells Fargo & Co

Science Applications International (NYSE:SAIC) had its price target cut by Wells Fargo & Co from $84.00 to $75.00 in a research report report published on Friday, Marketbeat reports. They currently have a market perform rating on the information technology services provider’s stock.

Several other equities analysts have also commented on SAIC. Zacks Investment Research lowered shares of Science Applications International from a buy rating to a hold rating in a report on Thursday, November 15th. ValuEngine downgraded shares of Science Applications International from a hold rating to a sell rating in a research note on Thursday, November 1st. Vertical Research downgraded shares of Science Applications International from a buy rating to a hold rating and set a $80.00 target price on the stock. in a research note on Tuesday, September 11th. Cowen reaffirmed a hold rating and set a $82.00 target price on shares of Science Applications International in a research note on Tuesday, September 11th. Finally, Drexel Hamilton raised shares of Science Applications International from a hold rating to a buy rating and set a $90.00 target price on the stock in a research note on Friday, September 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $85.57.

NYSE:SAIC traded up $4.46 on Friday, hitting $69.40. The stock had a trading volume of 773,584 shares, compared to its average volume of 258,133. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.40 and a quick ratio of 1.24. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.88 and a beta of 1.49. Science Applications International has a 1-year low of $63.15 and a 1-year high of $93.31.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, December 6th. The information technology services provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.14 by $0.21. Science Applications International had a net margin of 4.29% and a return on equity of 61.00%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Science Applications International will post 4.51 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in SAIC. Vanguard Group Inc. increased its position in shares of Science Applications International by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $13,778,000. Matarin Capital Management LLC purchased a new stake in shares of Science Applications International in the 3rd quarter valued at approximately $12,584,000. BlackRock Inc. increased its position in shares of Science Applications International by 3.1% in the 2nd quarter. BlackRock Inc. now owns 4,642,065 shares of the information technology services provider’s stock valued at $375,682,000 after purchasing an additional 137,944 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Science Applications International by 14.9% in the 3rd quarter. AQR Capital Management LLC now owns 807,873 shares of the information technology services provider’s stock valued at $65,115,000 after purchasing an additional 104,727 shares during the last quarter. 67.30% of the stock is currently 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. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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