Science Applications International Corporation (NASDAQ:SAIC) Stock Has Average Price Target of $125.22 According to Analysts

Key Points

• Analysts maintain a “Hold” consensus on SAIC, with eight hold, two buy, and one sell rating. The average 12-month price target is $125.22, below the stock’s reported $145.73 opening price.
• SAIC’s latest quarterly results exceeded expectations, with EPS of $3.01 versus the $2.31 consensus and revenue of $1.88 billion, up 6.3% year over year.
• The company paid a quarterly dividend of $0.37, equivalent to $1.48 annually and a 1.0% yield; institutional investors own approximately 76% of outstanding shares.

Shares of Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) have been given an average rating of "Hold" by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $125.22.

Several analysts have recently weighed in on SAIC shares. Wall Street Zen upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, September 27th. Truist Financial lifted their price objective on shares of Science Applications International from $110.00 to $130.00 and gave the stock a "hold" rating in a report on Tuesday, September 1st. Stifel Nicolaus upped their target price on shares of Science Applications International from $137.00 to $154.00 and gave the stock a "buy" rating in a research report on Tuesday, September 1st. The Goldman Sachs Group increased their target price on Science Applications International from $93.00 to $103.00 and gave the company a "sell" rating in a research note on Tuesday, September 8th. Finally, Weiss Ratings upgraded Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 9th.

Science Applications International Price Performance

NASDAQ:SAIC opened at $145.73 on Monday. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 17.04 and a beta of 0.31. Science Applications International has a 52-week low of $81.08 and a 52-week high of $147.05. The stock has a fifty day moving average of $130.11 and a 200 day moving average of $115.26. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC - Get Free Report) last posted its quarterly earnings data on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.70. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.76 billion. During the same period in the prior year, the business earned $3.63 earnings per share. Science Applications International's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that Science Applications International will post 10.77 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, October 9th. Science Applications International's dividend payout ratio is presently 17.31%.

Insider Activity

In other news, Director C. David Cush acquired 1,000 shares of Science Applications International stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average cost of $132.50 per share, for a total transaction of $132,500.00. Following the transaction, the director owned 1,000 shares of the company's stock, valued at $132,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.65% of the company's stock.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently modified their holdings of SAIC. Dimensional Fund Advisors LP boosted its stake in Science Applications International by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company's stock worth $145,730,000 after buying an additional 185,066 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Science Applications International during the second quarter worth approximately $44,044,000. Bank of America Corp DE raised its position in Science Applications International by 17.5% in the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company's stock worth $36,121,000 after purchasing an additional 56,720 shares during the period. MAC Alpha Capital Management LP lifted its stake in shares of Science Applications International by 43.8% in the 2nd quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company's stock valued at $19,311,000 after acquiring an additional 53,277 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Science Applications International by 1.8% in the first quarter. Principal Financial Group Inc. now owns 100,737 shares of the company's stock valued at $9,562,000 after purchasing an additional 1,743 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC's capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.

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