The Goldman Sachs Group Increases Science Applications International (NASDAQ:SAIC) Price Target to $103.00

Science Applications International (NASDAQ:SAIC) had its price target boosted by equities researchers at The Goldman Sachs Group from $93.00 to $103.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 18.22% from the company’s previous close.

Several other analysts also recently commented on the stock. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Truist Financial upped their target price on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. increased their price target on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. Finally, BNP Paribas Exane initiated coverage on Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $125.22.

Science Applications International Stock Performance

Shares of NASDAQ SAIC traded down $0.81 during trading on Tuesday, hitting $125.94. The company had a trading volume of 23,017 shares, compared to its average volume of 577,002. Science Applications International has a 12 month low of $81.08 and a 12 month high of $142.66. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $5.28 billion, a P/E ratio of 14.76 and a beta of 0.30. The stock has a 50 day simple moving average of $120.38 and a 200 day simple moving average of $106.24.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.70. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm posted $3.63 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Science Applications International will post 10.73 earnings per share for the current year.

Institutional Investors Weigh In On Science Applications International

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in Science Applications International by 10,238.4% during the second quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after buying an additional 5,467,211 shares during the period. Norges Bank purchased a new stake in shares of Science Applications International in the fourth quarter valued at $53,403,000. Fuller & Thaler Asset Management Inc. raised its position in Science Applications International by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock worth $264,429,000 after purchasing an additional 441,296 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Science Applications International during the 2nd quarter worth approximately $44,044,000. Finally, First Trust Advisors LP boosted its stake in shares of Science Applications International by 25.9% during the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after purchasing an additional 393,344 shares during the period. 76.00% of the stock is owned by institutional investors.

About Science Applications International

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.