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

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned an average rating of "Hold" from the eleven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $124.73.

A number of analysts have recently issued reports on SAIC shares. Barclays dropped their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Wells Fargo & Company lifted 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. Jefferies Financial Group increased 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, May 15th. UBS Group dropped their price target on shares of Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. decreased their price objective 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.

Science Applications International Stock Down 2.7%

Shares of NYSE SAIC traded down $3.12 on Tuesday, hitting $113.21. The company had a trading volume of 771,376 shares, compared to its average volume of 550,749. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The business has a 50 day moving average of $113.15 and a two-hundred day moving average of $111.39. 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 has a market capitalization of $5.31 billion, a P/E ratio of 19.09 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last issued 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 return on equity of 24.18% and a net margin of 4.11%. Science Applications International's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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 fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

Insider Activity at Science Applications International

In other Science Applications International news, Director Garth Graham purchased 215 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $116.75 per share, with a total value of $25,101.25. Following the acquisition, the director owned 7,159 shares of the company's stock, valued at approximately $835,813.25. This represents a 3.10% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock valued at $71,000 after purchasing an additional 156 shares during the period. Victory Capital Management Inc. boosted its stake in Science Applications International by 851.8% during the 4th quarter. Victory Capital Management Inc. now owns 148,588 shares of the information technology services provider's stock valued at $16,609,000 after purchasing an additional 132,976 shares during the period. Atria Investments Inc lifted its stake in shares of Science Applications International by 17.8% in the 4th quarter. Atria Investments Inc now owns 3,544 shares of the information technology services provider's stock worth $396,000 after acquiring an additional 535 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $1,649,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Science Applications International in the 4th quarter worth approximately $10,038,000. 76.00% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

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.