Science Applications International Corporation (NASDAQ:SAIC) Stock Has Consensus Price Target of $125.22

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 cited opening price of $127.56.
• SAIC exceeded quarterly expectations, reporting $3.01 in adjusted EPS versus the $2.31 consensus and $1.88 billion in revenue, up 6.3% year over year.
• The company declared a quarterly dividend of $0.37 per share, equivalent to $1.48 annually and a 1.2% yield; a company director also purchased 1,000 shares for $132,500.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) has received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.22.

SAIC has been the topic of a number of recent analyst reports. TD Cowen reiterated a "hold" rating on shares of Science Applications International in a research note on Monday, August 31st. UBS Group increased their price target on shares of Science Applications International from $108.00 to $123.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. Jefferies Financial Group raised their price objective on shares of Science Applications International from $130.00 to $140.00 and gave the stock a "hold" rating in a report on Tuesday, September 1st. The Goldman Sachs Group lifted their price objective on shares of Science Applications International from $93.00 to $103.00 and gave the stock a "sell" rating in a research report on Tuesday, September 8th. Finally, Truist Financial increased their target price on shares of Science Applications International from $110.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday, September 1st.

Science Applications International Stock Down 0.5%

Science Applications International stock opened at $127.56 on Thursday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $5.34 billion, a PE ratio of 14.92 and a beta of 0.30. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $142.66. The firm's 50-day simple moving average is $126.50 and its 200 day simple moving average is $110.99.

Science Applications International (NASDAQ:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period last year, the business posted $3.63 earnings per share. Science Applications International's revenue was up 6.3% on a year-over-year basis. Research analysts predict that Science Applications International will post 10.77 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International's dividend payout ratio (DPR) is currently 17.31%.

Insider Transactions at Science Applications International

In other news, Director C. David Cush bought 1,000 shares of the stock in a transaction on 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 completion of the purchase, the director directly owned 1,000 shares in the company, valued at $132,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Rothschild Investment LLC raised its stake in Science Applications International by 304.9% in the 4th quarter. Rothschild Investment LLC now owns 745 shares of the company's stock valued at $75,000 after acquiring an additional 561 shares during the period. Hantz Financial Services Inc. boosted its position in Science Applications International by 94.2% during the fourth quarter. Hantz Financial Services Inc. now owns 903 shares of the company's stock worth $91,000 after purchasing an additional 438 shares during the period. Versant Capital Management Inc increased its stake in shares of Science Applications International by 155.7% in the second quarter. Versant Capital Management Inc now owns 854 shares of the company's stock worth $94,000 after purchasing an additional 520 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Science Applications International by 86.9% in the second quarter. GAMMA Investing LLC now owns 1,226 shares of the company's stock worth $135,000 after purchasing an additional 570 shares in the last quarter. Finally, First Command Advisory Services Inc. raised its position in shares of Science Applications International by 32.4% in the fourth quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company's stock valued at $160,000 after purchasing an additional 390 shares during the period. Institutional investors own 76.00% of the company's stock.

About Science Applications International

Science Applications International Corp. (SAIC) provides technology integration, mission services and engineering solutions primarily to the U.S. government. The company supports defense, intelligence, space, civilian and health agencies with services focused on digital modernization, cloud computing, cybersecurity, artificial intelligence, data analytics and enterprise information technology.

SAIC also provides systems engineering, logistics, program management, software development, infrastructure support and mission operations.

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