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

Science Applications International Co. (NYSE:SAIC) has received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $150.43.

A number of equities analysts have recently weighed in on SAIC shares. Citigroup boosted their price target on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their target price for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. TD Cowen upped their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Truist Financial raised their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SAIC. Farther Finance Advisors LLC grew its stake in Science Applications International by 30,868.8% during the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after buying an additional 4,939 shares during the period. Seizert Capital Partners LLC increased its holdings in Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock valued at $5,404,000 after purchasing an additional 10,326 shares in the last quarter. Van ECK Associates Corp increased its holdings in Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after purchasing an additional 44,990 shares in the last quarter. Apella Capital LLC acquired a new position in shares of Science Applications International during the second quarter worth about $820,000. Finally, Cassaday & Co Wealth Management LLC boosted its position in shares of Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock worth $1,787,000 after buying an additional 4,796 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.5 %

NYSE SAIC opened at $124.20 on Monday. Science Applications International has a 52-week low of $112.00 and a 52-week high of $156.34. The firm has a 50-day moving average price of $140.79 and a 200 day moving average price of $130.32. The stock has a market capitalization of $6.15 billion, a P/E ratio of 22.34 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

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 net margin of 3.97% and a return on equity of 22.88%. 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 previous year, the firm earned $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 8.2 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

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.