Science Applications International Co. (NYSE:SAIC) Receives Average Rating of “Hold” from Brokerages

Science Applications International Co. (NYSE:SAIC) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $138.29.

A number of analysts have commented on the stock. StockNews.com raised shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. TD Cowen boosted their target price on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Truist Financial upped their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, Citigroup lifted their price target on Science Applications International from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo bought 215 shares of Science Applications International stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the purchase, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Vincent P. Difronzo bought 215 shares of Science Applications International stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average price of $116.72 per share, with a total value of $25,094.80. Following the acquisition, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James Joshua Jackson purchased 400 shares of the stock in a transaction on Wednesday, July 10th. The stock was bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,715 shares of company stock worth $200,507. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several hedge funds have recently added to or reduced their stakes in the company. BlackDiamond Wealth Management LLC raised its stake in Science Applications International by 1.6% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock worth $668,000 after purchasing an additional 80 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the period. Cetera Investment Advisers raised its position in shares of Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after buying an additional 87 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Science Applications International by 1.2% in the second quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after buying an additional 90 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Trading Up 0.3 %

SAIC stock opened at $134.95 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 15.80 and a beta of 0.70. The business has a fifty day moving average price of $123.78 and a 200 day moving average price of $127.18. Science Applications International has a fifty-two week low of $104.26 and a fifty-two week high of $145.17.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 EPS. Analysts expect that Science Applications International will post 8.07 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.10%. Science Applications International’s dividend payout ratio is presently 17.33%.

Science Applications International Company Profile

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.