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

Science Applications International Co. (NYSE:SAIC) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $144.38.

Several equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on Science Applications International from $147.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Truist Financial lifted their price target on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. UBS Group began coverage on shares of Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. Finally, The Goldman Sachs Group decreased their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th.

Insider Transactions at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. UMB Bank n.a. boosted its position in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Larson Financial Group LLC purchased a new position in shares of Science Applications International in the second quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp lifted its position in shares of Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares in the last quarter. Finally, Quarry LP acquired a new position in Science Applications International in the 3rd quarter worth approximately $71,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 0.9 %

Shares of Science Applications International stock opened at $110.11 on Friday. Science Applications International has a fifty-two week low of $108.90 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $5.38 billion, a P/E ratio of 18.57 and a beta of 0.64. The firm has a 50-day simple moving average of $132.81 and a two-hundred day simple moving average of $128.10.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

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.