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

Science Applications International Co. (NYSE:SAIC) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $137.22.

SAIC has been the subject of a number of recent research reports. Cantor Fitzgerald began coverage on shares of Science Applications International in a report on Friday. They issued a “neutral” rating and a $120.00 price objective for the company. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. UBS Group assumed coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price for the company. Finally, The Goldman Sachs Group decreased their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th.

Science Applications International Stock Down 0.6 %

SAIC stock opened at $105.57 on Friday. Science Applications International has a 1-year low of $103.90 and a 1-year high of $156.34. The business’s 50 day simple moving average is $113.69 and its 200 day simple moving average is $126.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.16 billion, a PE ratio of 17.80 and a beta of 0.66.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.37 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.40%. Science Applications International’s dividend payout ratio is currently 24.96%.

Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares of the company’s stock, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the 4th quarter worth about $28,000. UMB Bank n.a. boosted its position in shares of Science Applications International by 438.5% during 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 in the last quarter. GAMMA Investing LLC increased its holdings in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares in the last quarter. Quarry LP bought a new stake in Science Applications International in the third quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

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.