Science Applications International Co. (NYSE:SAIC) Receives $150.43 Average Target Price from Brokerages

Science Applications International Co. (NYSE:SAIC) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $149.00.

SAIC has been the topic of several research analyst reports. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen upped their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Finally, Truist Financial upped their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently bought and sold shares of SAIC. International Assets Investment Management LLC lifted its holdings in Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after buying an additional 245,005 shares during the period. Van ECK Associates Corp lifted its holdings in Science Applications International by 122.7% in the second quarter. Van ECK Associates Corp now owns 205,599 shares of the information technology services provider’s stock valued at $24,168,000 after buying an additional 113,260 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock valued at $130,333,000 after buying an additional 56,414 shares during the period. American Century Companies Inc. lifted its holdings in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after buying an additional 28,304 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Science Applications International by 9.7% in the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock valued at $36,887,000 after buying an additional 27,664 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

NYSE SAIC opened at $123.29 on Monday. The stock has a market cap of $6.11 billion, a P/E ratio of 22.17 and a beta of 0.70. The company’s 50-day simple moving average is $140.05 and its 200 day simple moving average is $130.10. Science Applications International has a twelve month low of $112.00 and a twelve month high of $156.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.05 earnings per share. As a group, research analysts forecast that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s payout ratio is 26.62%.

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.