Analysts Set Science Applications International Co. (NYSE:SAIC) Target Price at $124.20

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned an average recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $124.20.

Several research analysts have recently issued reports on SAIC shares. JPMorgan Chase & Co. lowered their price target on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company boosted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Jefferies Financial Group raised their price target on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Truist Financial cut their price target on shares of Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a report on Tuesday, June 3rd. Finally, UBS Group decreased their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd.

Insiders Place Their Bets

In other news, Director John K. Tien, Jr. bought 215 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the purchase, the director now owns 919 shares in the company, valued at approximately $107,063.50. This represents a 30.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carolyn B. Handlon acquired 230 shares of Science Applications International stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $109.93 per share, with a total value of $25,283.90. Following the transaction, the director now owns 4,032 shares of the company's stock, valued at $443,237.76. The trade was a 6.05% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 3,260 shares of company stock worth $365,037 over the last three months. Company insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Science Applications International

Hedge funds have recently modified their holdings of the business. Norges Bank bought a new stake in Science Applications International during the fourth quarter valued at about $63,572,000. AQR Capital Management LLC lifted its position in shares of Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares in the last quarter. Invesco Ltd. grew its stake in shares of Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock valued at $98,191,000 after acquiring an additional 485,496 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Science Applications International by 27.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after acquiring an additional 464,989 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Science Applications International in the 4th quarter worth approximately $34,909,000. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Up 0.5%

NYSE SAIC traded up $0.52 during trading hours on Friday, hitting $105.43. 555,661 shares of the company traded hands, compared to its average volume of 537,903. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.78 and a beta of 0.50. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The business's 50-day moving average is $115.65 and its 200-day moving average is $112.33. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same quarter in the prior year, the company posted $1.92 EPS. The business's revenue was up 1.6% on a year-over-year basis. Sell-side analysts anticipate that Science Applications International will post 8.27 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, July 25th. Investors of record on Friday, July 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International's dividend payout ratio is presently 20.76%.

Science Applications International Company Profile

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.