Science Applications International (NASDAQ:SAIC) Now Covered by BNP Paribas Exane

Research analysts at BNP Paribas Exane assumed coverage on shares of Science Applications International (NASDAQ:SAIC) in a note issued to investors on Wednesday. The firm set a “neutral” rating and a $95.00 price target on the stock. BNP Paribas Exane’s price target would suggest a potential downside of 5.64% from the company’s previous close.

Several other equities research analysts also recently commented on SAIC. Truist Financial dropped their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday, March 17th. Citigroup dropped their target price on Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Finally, The Goldman Sachs Group lowered their price target on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $109.20.

Science Applications International Stock Performance

Shares of SAIC stock traded down $0.69 during trading hours on Wednesday, hitting $100.68. 139,423 shares of the company were exchanged, compared to its average volume of 599,591. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 13.10 and a beta of 0.28. The firm has a fifty day simple moving average of $95.92 and a 200 day simple moving average of $96.49. Science Applications International has a 52-week low of $81.08 and a 52-week high of $121.05.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company earned $2.57 earnings per share. Science Applications International’s revenue was down 4.8% compared to the same quarter last year. Research analysts predict that Science Applications International will post 9.61 earnings per share for the current fiscal year.

Institutional Trading of Science Applications International

Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Science Applications International during the fourth quarter valued at approximately $53,403,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of 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 valued at $264,429,000 after purchasing an additional 441,296 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Science Applications International by 25.9% during the 4th 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 last quarter. AQR Capital Management LLC grew its holdings in shares of Science Applications International by 36.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock valued at $143,578,000 after purchasing an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Science Applications International in the 2nd quarter worth $31,271,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

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.