Science Applications International (NYSE:SAIC) Now Covered by Analysts at UBS Group

Equities research analysts at UBS Group initiated coverage on shares of Science Applications International (NYSE:SAIC) in a report issued on Monday,Benzinga reports. The firm set a “neutral” rating and a $134.00 price target on the information technology services provider’s stock. UBS Group’s target price indicates a potential upside of 7.85% from the company’s previous close.

Several other research analysts have also recently commented on SAIC. TD Cowen upped their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial boosted their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Barclays raised their price target on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Finally, Citigroup upped their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $147.13.

Science Applications International Stock Up 0.8 %

NYSE:SAIC opened at $124.25 on Monday. The firm has a market capitalization of $6.15 billion, a PE ratio of 22.35 and a beta of 0.70. Science Applications International has a 52 week low of $112.00 and a 52 week high of $156.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average of $139.60 and a 200-day moving average of $129.90.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $2.05 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts predict that Science Applications International will post 8.21 EPS for the current year.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of SAIC. UMB Bank n.a. boosted its position in Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Science Applications International in the 2nd quarter valued at approximately $27,000. GAMMA Investing LLC increased its holdings in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the last quarter. Fifth Third Bancorp lifted its stake in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after purchasing an additional 147 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

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.