Science Applications International (NYSE:SAIC) Stock Rating Upgraded by JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a $170.00 price target on the information technology services provider’s stock, up from their prior price target of $150.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.02% from the company’s current price.

SAIC has been the subject of a number of other research reports. Truist Financial raised their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Citigroup upped their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TD Cowen raised their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Barclays upped their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $146.14.

Science Applications International Stock Up 0.5 %

Science Applications International stock opened at $144.04 on Wednesday. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 16.87 and a beta of 0.70. 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 $130.06 and a two-hundred day moving average of $126.87. Science Applications International has a twelve month low of $104.46 and a twelve month high of $145.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.05 EPS. As a group, research analysts expect that Science Applications International will post 8.17 earnings per share for the current year.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Michelle A. O’hara bought 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The stock was purchased at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Science Applications International news, EVP Michelle A. O’hara purchased 1,000 shares of the stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP James Joshua Jackson acquired 400 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the purchase, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. Insiders bought 1,550 shares of company stock valued at $184,319 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Institutional Trading of Science Applications International

A number of large investors have recently made changes to their positions in SAIC. Wells Fargo & Company MN lifted its holdings in Science Applications International by 0.4% in the 4th quarter. Wells Fargo & Company MN now owns 63,049 shares of the information technology services provider’s stock valued at $7,838,000 after purchasing an additional 223 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $193,000. Parallel Advisors LLC lifted its stake in shares of Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares during the period. Campbell & CO Investment Adviser LLC boosted its position in Science Applications International by 44.6% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 6,477 shares of the information technology services provider’s stock worth $805,000 after acquiring an additional 1,998 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in Science Applications International in the 4th quarter worth approximately $323,000. Institutional investors and hedge funds 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.