Science Applications International Co. (NYSE:SAIC) Receives $124.73 Average PT from Analysts

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) have earned a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $124.73.

Several brokerages recently issued reports on SAIC. Stifel Nicolaus began coverage on Science Applications International in a report on Tuesday, June 24th. They set a "buy" rating and a $130.00 price objective for the company. UBS Group cut their price target 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. Wells Fargo & Company boosted their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Truist Financial cut their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. cut their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th.

Insider Buying and Selling at Science Applications International

In related news, Director Garth Graham purchased 215 shares of the company's stock in a transaction dated Monday, April 14th. The shares were acquired at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the transaction, the director owned 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by insiders.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently made changes to their positions in SAIC. Kera Capital Partners Inc. acquired a new stake in Science Applications International in the 2nd quarter valued at approximately $216,000. Voya Investment Management LLC increased its position in Science Applications International by 4.6% in the 1st quarter. Voya Investment Management LLC now owns 8,462 shares of the information technology services provider's stock valued at $950,000 after acquiring an additional 371 shares during the period. Intech Investment Management LLC increased its position in Science Applications International by 107.4% in the 1st quarter. Intech Investment Management LLC now owns 36,586 shares of the information technology services provider's stock valued at $4,108,000 after acquiring an additional 18,949 shares during the period. Focus Partners Wealth increased its position in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after acquiring an additional 94 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Science Applications International by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the information technology services provider's stock valued at $16,863,000 after acquiring an additional 7,816 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of SAIC stock traded down $0.21 during midday trading on Tuesday, hitting $116.95. The company had a trading volume of 42,319 shares, compared to its average volume of 718,383. The company's 50 day simple moving average is $113.31 and its 200 day simple moving average is $111.32. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 19.72 and a beta of 0.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick 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 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same period in the previous year, the company earned $1.92 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts anticipate that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, July 11th. Science Applications International's payout ratio is 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.