Science Applications International (NYSE:SAIC) Stock Price Expected to Rise, Truist Financial Analyst Says

Science Applications International (NYSE:SAIC - Free Report) had its price objective upped by Truist Financial from $100.00 to $110.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the information technology services provider's stock.

A number of other equities research analysts have also issued reports on SAIC. Wells Fargo & Company lifted their target price on shares of Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group decreased their target price 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. Jefferies Financial Group lifted their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Thursday, May 15th. Barclays reduced their price objective on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Finally, JPMorgan Chase & Co. reduced 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 research note on Tuesday, April 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Science Applications International currently has a consensus rating of "Hold" and an average price target of $125.64.

Science Applications International Price Performance

Science Applications International stock traded down $0.18 during mid-day trading on Thursday, hitting $114.81. The company's stock had a trading volume of 313,062 shares, compared to its average volume of 698,033. 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 stock has a market capitalization of $5.38 billion, a P/E ratio of 19.36 and a beta of 0.49. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The stock's fifty day moving average price is $111.69 and its two-hundred day moving average price is $111.49.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly earnings data 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%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.92 EPS. Research analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.29%. Science Applications International's payout ratio is currently 20.76%.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Science Applications International in the fourth quarter valued at about $63,572,000. AQR Capital Management LLC lifted its holdings in Science Applications International by 115.8% in the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares during the period. Invesco Ltd. raised its holdings in Science Applications International by 124.8% in the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after purchasing an additional 485,496 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Science Applications International by 27.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider's stock worth $244,412,000 after purchasing an additional 464,989 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Science Applications International in the fourth quarter worth $34,909,000. Institutional investors own 76.00% of the company's stock.

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.