Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions. It serves the U.S. military comprising Army, Air Force, Navy, Marines, and Coast Guard; Department of Defense agencies; National Aeronautics and Space Administration; the U.S. Department of State; Department of Justice; Department of Homeland Security; and various intelligence community agencies, as well as U.S. federal civilian agencies. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia.
Analyst Ratings Changes
SAIC has been the topic of a number of recent research reports. Cowen boosted their price target on shares of Science Applications International from $111.00 to $120.00 in a research report on Tuesday, June 7th. Barclays lifted their price objective on Science Applications International from $90.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 7th. Finally, Cowen raised their target price on Science Applications International from $111.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Science Applications International currently has an average rating of "Hold" and a consensus target price of $102.86.
Science Applications International Trading Up 0.3 %
Shares of SAIC traded up $0.25 during trading on Friday, reaching $95.70. 16 shares of the company traded hands, compared to its average volume of 257,754. Science Applications International has a twelve month low of $78.10 and a twelve month high of $97.82. The stock has a market cap of $5.33 billion, a PE ratio of 20.40 and a beta of 0.68. The stock has a 50-day simple moving average of $92.55 and a 200-day simple moving average of $88.68. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 1.42.
Science Applications International (NYSE:SAIC - Get Rating) last announced its quarterly earnings results on Monday, June 6th. The information technology services provider reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.10. Science Applications International had a net margin of 3.58% and a return on equity of 25.28%. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the business earned $1.94 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts anticipate that Science Applications International will post 7.07 earnings per share for the current year.
Science Applications International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, July 14th. Science Applications International's payout ratio is 31.62%.
Insider Activity
In other news, Director Katharina G. Mcfarland sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $93.30, for a total value of $242,580.00. Following the completion of the transaction, the director now owns 7,813 shares of the company's stock, valued at $728,952.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.12% of the company's stock.