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

Science Applications International Co. (NYSE:SAIC) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $134.00.

SAIC has been the topic of several research analyst reports. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group cut 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. Finally, Wells Fargo & Company upped their target price on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th.

Insiders Place Their Bets

In related news, Director Milford W. Mcguirt acquired 500 shares of the business’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the transaction, the director now owns 6,841 shares of the company’s stock, valued at approximately $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Chancellor Financial Group WB LP acquired a new stake in Science Applications International during the fourth quarter valued at $234,000. Wealth Enhancement Advisory Services LLC grew its position in Science Applications International by 139.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,865 shares of the information technology services provider’s stock worth $1,103,000 after acquiring an additional 5,750 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in Science Applications International by 4.5% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 7,325 shares of the information technology services provider’s stock worth $819,000 after acquiring an additional 314 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new position in shares of Science Applications International during the 4th quarter worth $447,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Science Applications International during the 4th quarter valued at $3,382,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Stock Performance

Shares of SAIC stock opened at $112.53 on Friday. 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 firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 18.98 and a beta of 0.66. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The company has a 50 day moving average price of $106.36 and a 200 day moving average price of $121.65.

Science Applications International (NYSE:SAIC) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International’s dividend payout ratio (DPR) is 20.58%.

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.