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

Science Applications International (NYSE:SAIC) had its price objective trimmed by JPMorgan Chase & Co. from $148.00 to $140.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

Other analysts have also recently issued reports about the company. UBS Group raised their target price 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. Wells Fargo & Company cut their price objective on Science Applications International from $148.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, Truist Financial decreased their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.33.

Science Applications International Trading Down 0.3 %

Shares of SAIC stock opened at $117.18 on Tuesday. The business has a 50-day moving average of $107.17 and a 200 day moving average of $119.53. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International has a 1-year low of $94.68 and a 1-year high of $156.34. The stock has a market capitalization of $5.59 billion, a PE ratio of 19.76 and a beta of 0.58.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.26%. Science Applications International’s payout ratio is 20.58%.

Insider Activity at Science Applications International

In related news, Director Garth Graham purchased 215 shares of Science Applications International stock in a transaction dated Monday, April 14th. The stock was 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 directly owns 7,159 shares of the company’s stock, valued at $835,813.25. The trade was a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Milford W. Mcguirt purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was purchased at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now owns 6,841 shares in the company, valued at $756,477.78. This represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 3,260 shares of company stock valued at $365,037 in the last three months. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after acquiring an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Science Applications International in the 4th quarter worth $312,000. Pure Financial Advisors LLC raised its stake in shares of Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock valued at $430,000 after buying an additional 233 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other 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.