Science Applications International Co. (NYSE:SAIC – Get Free Report) has earned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $127.50.
Several research analysts have weighed in on the company. StockNews.com lowered Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group dropped their target price on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research report on Thursday, February 29th. Wells Fargo & Company upped their target price on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. Truist Financial upped their target price on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. dropped their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 19th.
Read Our Latest Analysis on SAIC
Insider Transactions at Science Applications International
Institutional Trading of Science Applications International
Several hedge funds have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in Science Applications International in the 4th quarter valued at approximately $25,000. Quarry LP raised its holdings in shares of Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after buying an additional 109 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $26,000. Gradient Investments LLC raised its holdings in shares of Science Applications International by 1,104.8% in the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after buying an additional 232 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Science Applications International by 62.9% in the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Institutional investors own 75.31% of the company’s stock.
Science Applications International Stock Up 0.2 %
Shares of Science Applications International stock opened at $127.45 on Wednesday. The stock’s fifty day moving average is $133.80 and its 200-day moving average is $122.40. The firm has a market capitalization of $6.58 billion, a PE ratio of 14.40 and a beta of 0.71. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. Science Applications International has a 12-month low of $95.43 and a 12-month high of $145.17.
Science Applications International (NYSE:SAIC – Get Free Report) last posted its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.01). The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.04 earnings per share. Equities analysts anticipate that Science Applications International will post 8.11 earnings per share for the current year.
Science Applications International Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.16%. Science Applications International’s dividend payout ratio (DPR) is presently 16.72%.
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 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; and data management platform solutions.
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