Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $131.33

Science Applications International Co. (NYSE:SAIC - Get Free Report) has earned an average rating of "Hold" from the nine brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $131.33.

Several equities analysts recently issued reports on SAIC shares. Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 18th. TD Cowen cut Science Applications International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research note on Tuesday, March 18th.

Science Applications International Stock Up 0.4 %

Shares of NYSE SAIC traded up $0.47 during midday trading on Thursday, reaching $121.35. 302,322 shares of the company's stock were exchanged, compared to its average volume of 491,583. 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 stock has a market capitalization of $5.79 billion, a PE ratio of 20.46 and a beta of 0.58. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The business's fifty day moving average price is $110.35 and its two-hundred day moving average price is $117.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the business posted $1.43 EPS. Science Applications International's quarterly revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is 20.58%.

Insider Activity

In other news, Director Milford W. Mcguirt bought 500 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, with a total value of $55,290.00. Following the completion of the acquisition, the director now directly owns 6,841 shares in the company, valued at approximately $756,477.78. The trade was a 7.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Garth Graham bought 215 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the acquisition, the director now owns 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 3,260 shares of company stock valued at $365,037. Company insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAIC. Cornerstone Planning Group LLC acquired a new position in Science Applications International during the fourth quarter worth about $28,000. Parallel Advisors LLC increased its stake in Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares in the last quarter. True Wealth Design LLC purchased a new position in Science Applications International in the 4th quarter worth about $48,000. Fifth Third Bancorp increased its stake in Science Applications International by 22.7% in the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after purchasing an additional 88 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Science Applications International in the 4th quarter worth about $58,000. 76.00% of the stock is owned by institutional investors and hedge funds.

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.