Science Applications International Co. (NYSE:SAIC) Receives Average Rating of “Hold” from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have earned an average rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $146.14.

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $170.00 in a report on Wednesday. Truist Financial increased their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. Barclays increased 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. Citigroup increased their price target on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, TD Cowen increased their price target on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th.

Insider Activity

In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The stock was bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction dated Friday, July 12th. The stock was bought at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now owns 33,497 shares of the company’s stock, valued at $3,952,646. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James Joshua Jackson acquired 400 shares of Science Applications International stock in a transaction dated Wednesday, July 10th. The stock was acquired at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 1,550 shares of company stock valued at $184,319. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Science Applications International in the second quarter worth $2,963,000. Dana Investment Advisors Inc. raised its stake in Science Applications International by 6.3% during the second quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock worth $3,741,000 after acquiring an additional 1,879 shares in the last quarter. Aristides Capital LLC acquired a new position in Science Applications International during the second quarter worth $231,000. Cetera Investment Advisers raised its stake in Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares in the last quarter. Finally, Brandes Investment Partners LP raised its stake in Science Applications International by 26.7% during the second quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock worth $358,000 after acquiring an additional 642 shares in the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Price Performance

Shares of SAIC opened at $145.64 on Friday. The business’s 50-day moving average is $130.53 and its 200-day moving average is $126.99. Science Applications International has a fifty-two week low of $104.46 and a fifty-two week high of $145.97. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 17.05 and a beta of 0.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts expect that Science Applications International will post 8.19 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.02%. Science Applications International’s dividend payout ratio is 17.33%.

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.