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

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) have earned a consensus rating of "Hold" from the ten research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $131.20.

A number of equities analysts have commented on SAIC shares. Truist Financial decreased their target price on Science Applications International from $135.00 to $115.00 and set a "hold" rating for the company in a research note on Tuesday, March 18th. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. Jefferies Financial Group lifted their target price on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group boosted their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 18th.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $123.41 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm's 50-day moving average price is $115.07 and its two-hundred day moving average price is $115.35. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The stock has a market capitalization of $5.89 billion, a P/E ratio of 20.81 and a beta of 0.55.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. Science Applications International's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.20%. Science Applications International's payout ratio is 20.58%.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon purchased 230 shares of the company's stock in a transaction on Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the acquisition, the director now owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This represents a 6.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Milford W. Mcguirt purchased 500 shares of the company's stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the acquisition, the director now directly owns 6,841 shares of the company's stock, valued at $756,477.78. This represents a 7.89% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 3,260 shares of company stock valued at $365,037 over the last quarter. Corporate insiders own 0.44% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $28,000. Parallel Advisors LLC increased 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 buying an additional 148 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after buying an additional 98 shares in the last quarter. US Bancorp DE increased its holdings in shares of Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after buying an additional 90 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of Science Applications International in the fourth quarter valued at $48,000. Institutional investors own 76.00% of the company's stock.

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.

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