Science Applications International (NYSE:SAIC) Stock Rating Upgraded by Wells Fargo & Company

Science Applications International (NYSE:SAIC) was upgraded by research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a $147.00 price target on the information technology services provider’s stock, down from their previous price target of $157.00. Wells Fargo & Company‘s price target indicates a potential upside of 20.27% from the stock’s current price.

SAIC has been the topic of a number of other reports. Citigroup raised their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Truist Financial lifted their target price on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Finally, TD Cowen increased their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Moderate Buy” and an average price target of $149.00.

Science Applications International Stock Performance

SAIC stock opened at $122.22 on Tuesday. 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 stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 21.98 and a beta of 0.70. Science Applications International has a 1 year low of $112.00 and a 1 year high of $156.34. The stock’s fifty day moving average is $140.48 and its two-hundred day moving average is $130.22.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion for 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%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. On average, research analysts predict that Science Applications International will post 8.2 EPS for the current year.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently made changes to their positions in SAIC. State Street Corp raised its stake in shares of Science Applications International by 1.0% in the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after acquiring an additional 15,166 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Science Applications International by 5.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares during the period. Geode Capital Management LLC increased its position in Science Applications International by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 shares during the period. Bank of New York Mellon Corp increased its position in Science Applications International by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after buying an additional 25,807 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after buying an additional 6,780 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.