Science Applications International (NYSE:SAIC) Given New $140.00 Price Target at JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) had its price target decreased by analysts at JPMorgan Chase & Co. from $148.00 to $140.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 19.10% from the stock’s previous close.

A number of other analysts have also recently issued reports on SAIC. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Truist Financial lowered their target price on Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research note on Tuesday, March 18th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Science Applications International has an average rating of “Hold” and an average target price of $131.33.

Science Applications International Stock Performance

NYSE:SAIC opened at $117.55 on Tuesday. The company has a market cap of $5.61 billion, a P/E ratio of 19.82 and a beta of 0.58. The firm’s 50 day moving average is $106.95 and its two-hundred day moving average is $119.55. Science Applications International has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts expect that Science Applications International will post 8.27 EPS for the current year.

Insiders Place Their Bets

In other news, Director Carolyn B. Handlon bought 230 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was purchased at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the transaction, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Garth Graham bought 215 shares of the business’s stock in a transaction on Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the purchase, the director now directly owns 7,159 shares in the company, valued at $835,813.25. This represents a 3.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 3,260 shares of company stock valued at $365,037 over the last quarter. Insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $28,000. Parallel Advisors LLC boosted its holdings in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock worth $31,000 after buying an additional 148 shares in the last quarter. True Wealth Design LLC acquired a new position in Science Applications International in the fourth quarter worth approximately $48,000. Kapitalo Investimentos Ltda bought a new position in shares of Science Applications International in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. lifted its position in shares of Science Applications International by 220.1% during the 1st quarter. UMB Bank n.a. now owns 557 shares of the information technology services provider’s stock valued at $63,000 after acquiring an additional 383 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

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.