Truist Financial Reiterates "Hold" Rating for Science Applications International (NYSE:SAIC)

Truist Financial reiterated their hold rating on shares of Science Applications International (NYSE:SAIC - Free Report) in a report issued on Friday, Benzinga reports. They currently have a $130.00 price target on the information technology services provider's stock.

A number of other analysts have also recently issued reports on SAIC. JPMorgan Chase & Co. decreased their target price on Science Applications International from $142.00 to $140.00 and set a neutral rating for the company in a report on Tuesday, March 19th. StockNews.com cut Science Applications International from a buy rating to a hold rating in a report on Tuesday. Wells Fargo & Company upped their price target on Science Applications International from $141.00 to $143.00 and gave the stock an equal weight rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group decreased their price target on Science Applications International from $113.00 to $110.00 and set a sell rating for the company in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $127.60.

Science Applications International Trading Down 2.2 %

SAIC traded down $2.78 during midday trading on Friday, hitting $123.58. The company's stock had a trading volume of 225,739 shares, compared to its average volume of 296,708. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13. The firm has a market cap of $6.38 billion, a P/E ratio of 13.96 and a beta of 0.70. The firm has a 50-day moving average price of $133.76 and a two-hundred day moving average price of $123.98. Science Applications International has a 52-week low of $95.43 and a 52-week high of $145.17.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm's quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 EPS. On average, research analysts anticipate that Science Applications International will post 8.11 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International's payout ratio is 16.72%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the company's stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the transaction, the director now directly owns 8,653 shares of the company's stock, valued at approximately $1,087,162.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.29% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently made changes to their positions in the business. UBS Group AG raised its position in shares of Science Applications International by 108.7% during the 3rd quarter. UBS Group AG now owns 54,031 shares of the information technology services provider's stock valued at $5,702,000 after acquiring an additional 28,139 shares in the last quarter. FMR LLC raised its position in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock valued at $297,969,000 after acquiring an additional 328,426 shares in the last quarter. Invesco Ltd. raised its position in shares of Science Applications International by 11.7% during the 3rd quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock valued at $65,030,000 after acquiring an additional 64,406 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Science Applications International during the 3rd quarter valued at approximately $422,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Science Applications International by 3,071.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider's stock valued at $14,163,000 after acquiring an additional 129,963 shares in 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.