JPMorgan Chase & Co. Lowers Science Applications International (NYSE:SAIC) Price Target to $140.00

Science Applications International (NYSE:SAIC - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $148.00 to $140.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the information technology services provider's stock.

A number of other research firms have also weighed in on SAIC. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. UBS Group boosted their price target on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their target price on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $131.33.

Science Applications International Price Performance

NYSE SAIC traded up $0.36 on Tuesday, reaching $116.71. 379,888 shares of the stock traded hands, compared to its average volume of 487,810. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34. 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 fifty day simple moving average is $107.84 and its 200 day simple moving average is $119.02. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 19.68 and a beta of 0.58.

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

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, April 11th. Science Applications International's payout ratio is presently 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Garth Graham purchased 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average price of $116.75 per share, with a total value of $25,101.25. Following the completion of the transaction, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carolyn B. Handlon acquired 230 shares of the stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This trade represents a 6.05 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 3,260 shares of company stock valued at $365,037 in the last quarter. Corporate insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the 4th quarter valued at $28,000. Parallel Advisors LLC raised 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 during the last quarter. True Wealth Design LLC acquired a new position in Science Applications International during the 4th quarter worth about $48,000. Fifth Third Bancorp grew its holdings in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 88 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Science Applications International in the 4th quarter valued at about $58,000. 76.00% of the stock is owned by institutional investors.

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.