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

Science Applications International logo with Computer and Technology background

Key Points

  • Science Applications International Co. (NYSE:SAIC) holds a consensus rating of "Hold" from eleven research firms, with one sell, six hold, and four buy ratings.
  • The company's average 12-month price target is $125.64, with adjustments from various analysts, including UBS lowering it to $111.00 and Stifel Nicolaus setting it at $130.00.
  • Science Applications International reported a miss in quarterly earnings, posting $1.92 per share, below the consensus estimate of $2.17, along with a small revenue increase of 1.6% year-over-year.
  • Interested in Science Applications International? Here are five stocks we like better.

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $125.64.

A number of equities research analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Stifel Nicolaus assumed coverage on shares of Science Applications International in a report on Tuesday, June 24th. They issued a "buy" rating and a $130.00 price objective for the company. Truist Financial boosted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Jefferies Financial Group boosted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company increased their price target on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th.

View Our Latest Analysis on Science Applications International

Science Applications International Trading Down 0.7%

Shares of SAIC opened at $110.73 on Friday. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 18.67 and a beta of 0.49. 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 has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a 50 day moving average price of $110.76 and a 200-day moving average price of $111.39.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share 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%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.92 earnings per share. As a group, equities research analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 11th. Science Applications International's payout ratio is presently 20.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in Science Applications International by 2.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 34,539 shares of the information technology services provider's stock valued at $3,889,000 after purchasing an additional 884 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Science Applications International during the 2nd quarter valued at $2,375,000. Envestnet Asset Management Inc. increased its position in Science Applications International by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,312 shares of the information technology services provider's stock valued at $4,877,000 after purchasing an additional 2,171 shares during the period. Nisa Investment Advisors LLC increased its position in Science Applications International by 52.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,101 shares of the information technology services provider's stock valued at $462,000 after purchasing an additional 1,418 shares during the period. Finally, Brighton Jones LLC purchased a new position in Science Applications International during the 2nd quarter valued at $476,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

(Get Free Report

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.

Further Reading

Analyst Recommendations for Science Applications International (NYSE:SAIC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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