Science Applications International Co. (NYSE:SAIC) Receives $150.43 Consensus PT from Analysts

Science Applications International Co. (NYSE:SAIC) has earned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $149.00.

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Truist Financial raised 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. TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Barclays boosted their target price on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th.

Science Applications International Stock Down 0.6 %

SAIC stock opened at $123.29 on Monday. Science Applications International has a 12-month low of $112.00 and a 12-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. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 22.17 and a beta of 0.70. The company has a 50 day moving average of $140.05 and a two-hundred day moving average of $130.10.

Science Applications International (NYSE:SAIC) last released its quarterly 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 the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. On average, equities analysts anticipate that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIC. Larson Financial Group LLC bought a new position in shares of Science Applications International during the 2nd quarter worth about $27,000. UMB Bank n.a. increased its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC increased its stake in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp increased its stake in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC increased its stake in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. Institutional investors own 76.00% of the company’s stock.

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.