Science Applications International (NYSE:SAIC) Now Covered by Analysts at UBS Group

UBS Group assumed coverage on shares of Science Applications International (NYSE:SAIC) in a report released on Monday, Marketbeat.com reports. The firm issued a neutral rating and a $134.00 target price on the information technology services provider’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upgraded shares of Science Applications International from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $157.00 to $147.00 in a research note on Tuesday, November 26th. TD Cowen increased their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. Finally, Citigroup raised their price target on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $147.13.

Science Applications International Stock Up 0.1 %

Science Applications International stock opened at $124.36 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International has a 1-year low of $112.00 and a 1-year high of $156.34. The firm’s fifty day simple moving average is $139.33 and its 200-day simple moving average is $129.82. The company has a market capitalization of $6.16 billion, a P/E ratio of 22.37 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Sell-side analysts forecast that Science Applications International will post 8.21 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

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

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of SAIC. Tidal Investments LLC acquired a new stake in Science Applications International in the 3rd quarter valued at $200,000. TD Private Client Wealth LLC lifted its holdings in shares of Science Applications International by 53.6% during the third quarter. TD Private Client Wealth LLC now owns 1,524 shares of the information technology services provider’s stock valued at $212,000 after acquiring an additional 532 shares during the period. Arete Wealth Advisors LLC grew its holdings in shares of Science Applications International by 42.0% in the 3rd quarter. Arete Wealth Advisors LLC now owns 7,635 shares of the information technology services provider’s stock worth $1,063,000 after purchasing an additional 2,260 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in shares of Science Applications International during the 3rd quarter worth about $249,000. Finally, Geode Capital Management LLC lifted its holdings in Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.