Science Applications International Co. (NYSE:SAIC) Given Average Rating of "Hold" by Brokerages

Science Applications International Co. (NYSE:SAIC - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $124.20.

A number of equities analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Wells Fargo & Company increased their price objective on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Barclays decreased their price objective on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. 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. Finally, JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Garth Graham bought 215 shares of Science Applications International stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the acquisition, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Milford W. Mcguirt bought 500 shares of Science Applications International stock in a transaction dated Thursday, March 27th. The stock was acquired at an average price of $110.58 per share, with a total value of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at approximately $756,477.78. This represents a 7.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by corporate insiders.

Institutional Trading of Science Applications International

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Science Applications International by 112.1% in the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 148 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 98 shares in the last quarter. US Bancorp DE raised its holdings in shares of Science Applications International by 38.5% during the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 90 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth $48,000. Finally, Fifth Third Bancorp raised its holdings in shares of Science Applications International by 22.7% during the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of Science Applications International stock traded down $0.43 on Friday, reaching $105.00. 433,219 shares of the company were exchanged, compared to its average volume of 539,662. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The company's 50-day moving average is $115.49 and its two-hundred day moving average is $111.91. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 17.71 and a beta of 0.50. Science Applications International has a 1-year low of $94.68 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the business earned $1.92 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is currently 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.