Science Applications International (NYSE:SAIC)‘s stock had its “buy” rating reaffirmed by research analysts at Morgan Stanley in a research note issued to investors on Wednesday, AnalystRatings.com reports. They currently have a $96.00 target price on the information technology services provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 13.07% from the company’s previous close.
Several other analysts also recently issued reports on the company. TheStreet raised Science Applications International from a “c+” rating to a “b+” rating in a report on Thursday, June 6th. SunTrust Banks lifted their target price on Science Applications International from $100.00 to $130.00 and gave the company an “average” rating in a research note on Friday, June 7th. They noted that the move was a valuation call. Wells Fargo & Co reiterated a “buy” rating on shares of Science Applications International in a research report on Friday, June 7th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday, May 17th. Finally, ValuEngine upgraded Science Applications International from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Science Applications International presently has an average rating of “Buy” and an average price target of $95.00.
NYSE SAIC opened at $84.90 on Wednesday. Science Applications International has a twelve month low of $58.19 and a twelve month high of $93.31. The stock has a market cap of $5.09 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 3.00 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.29.
Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.15. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. On average, equities analysts anticipate that Science Applications International will post 5.22 EPS for the current year.
In other news, CEO Anthony J. Moraco sold 1,803 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the transaction, the chief executive officer now owns 59,151 shares of the company’s stock, valued at approximately $4,436,325. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.05% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of SAIC. Boston Partners acquired a new stake in Science Applications International during the first quarter worth approximately $95,003,000. BlackRock Inc. lifted its stake in Science Applications International by 18.9% in the 1st quarter. BlackRock Inc. now owns 5,766,169 shares of the information technology services provider’s stock worth $443,706,000 after purchasing an additional 915,937 shares in the last quarter. Rubric Capital Management LP purchased a new stake in Science Applications International in the 1st quarter worth approximately $49,406,000. Norges Bank bought a new position in shares of Science Applications International in the 4th quarter worth $40,011,000. Finally, Ronna Sue Cohen grew its holdings in shares of Science Applications International by 7,630.5% during the 1st quarter. Ronna Sue Cohen now owns 452,081 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 446,233 shares during the last quarter. Institutional investors own 76.92% of the company’s stock.
About Science Applications International
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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