Science Applications International (NYSE:SAIC) Price target raised to $120.00 in Cowen

Science Applications International (NYSE: SAIC – Get an Assessment) had its price target raised by Cowen equity researchers from $111.00 to $120.00 in a report on Tuesday, reports The Fly. Cowen’s target price indicates a potential upside of 27.43% from the current stock price.

SAIC has been the subject of a number of other reports. Morgan Stanley lowered its price target on Science Applications International from $101.00 to $99.00 and set an “overweight” rating for the company in a Tuesday, March 29 research note. StockNews.com began covering Science Applications International stocks in a research report on Thursday, March 31. They issued a “buy” rating for the company. Wells Fargo & Company raised its price target on Science Applications International shares from $90.00 to $96.00 and gave the company an “equal weight” rating in a Thursday, March 24 research report. Barclays raised its price target on shares of Science Applications International from $90.00 to $95.00 in a research report released on Tuesday. Finally, Stifel Nicolaus took on Science Applications International stock coverage in a Thursday, March 17, research report. They issued a “hold” rating for the company. Two analysts have assigned the stock a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus price target of $96.88.

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SAIC shares opened at $94.17 on Tuesday. The stock has a fifty-day moving average price of $86.60 and a two-hundred-day moving average price of $85.87. The company has a debt ratio of 1.45, a quick ratio of 0.89 and a current ratio of 0.93. Science Applications International has a 52-week minimum of $78.10 and a 52-week maximum of $95.98. The company has a market capitalization of $5.28 billion, a price-earnings ratio of 19.74 and a beta of 0.79.

Science Applications International (NYSE:SAIC – Get Rating) last released quarterly earnings data on Monday, June 6. The information technology service provider reported earnings per share (EPS) of $1.88 for the quarter, beating the consensus estimate of $1.77 by $0.11. The company posted revenue of $2 billion in the quarter, versus a consensus estimate of $1.93 billion. Science Applications International had a return on equity of 25.99% and a net margin of 3.75%. The company’s revenue for the quarter increased 6.3% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $1.94. As a group, research analysts predict Science Applications International will post 7.02 EPS for the current fiscal year.

In other news, Executive Vice Chairman Steven G. Mahon sold 4,132 shares of the company in a trade that took place on Tuesday, March 29. The shares were sold at an average price of $91.03, for a total transaction of $376,135.96. The sale was disclosed in a legal filing with the SEC, accessible via this link. Additionally, director Timothy J. Mayopoulos sold 3,500 shares of the company in a trade that took place on Tuesday, March 29. The stock was sold at an average price of $92.94, for a total transaction of $325,290.00. The disclosure of this sale can be found here. 1.12% of the shares are held by insiders.

A number of large investors have recently changed their positions in the stock. Wellington Management Group LLP increased its stake in Science Applications International by 9.4% in the first quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology service provider valued at $525,321,000 after acquiring an additional 491,167 shares in the last quarter. BlackRock Inc. increased its stake in Science Applications International by 2.0% in the first quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology service provider valued at $450,486,000 after acquiring an additional 94,874 shares in the last quarter. Boston Partners increased its stake in Science Applications International by 1.4% in the first quarter. Boston Partners now owns 4,143,784 shares of the information technology services provider valued at $381,875,000 after acquiring 56,181 additional shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Science Applications International by 44.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,070,435 shares of the information technology services provider valued at $190,832,000 after acquiring an additional 636,805 shares in the last quarter. Finally, State Street Corp increased its stake in Science Applications International by 5.1% in the first quarter. State Street Corp now owns 1,574,107 shares of the information technology service provider valued at $145,085,000 after acquiring an additional 76,621 shares in the last quarter. 78.35% of the shares are currently held by institutional investors and hedge funds.

International Science Applications Company Profile (Get a rating)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company’s offerings include engineering; technological integration; IT modernization; maintenance of land and maritime systems; logistics; training and simulation; operations and program support services; and end-to-end services, such as the design, development, integration, deployment, management and operations, maintenance and security of its customers’ IT infrastructure, as well as migration to the cloud , managed services, infrastructure modernization and enterprise IT-as-a-service solutions.

Further reading

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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