Science Applications International’s (SAIC) “Hold” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Science Applications International (NYSE:SAIC) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $130.00 price target on the information technology services provider’s stock.

A number of other equities research analysts have also commented on the company. The Goldman Sachs Group lowered their price target on Science Applications International from $113.00 to $110.00 and set a sell rating for the company in a research report on Thursday, February 29th. StockNews.com lowered Science Applications International from a buy rating to a hold rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $142.00 to $140.00 and set a neutral rating for the company in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company upped their price objective on Science Applications International from $141.00 to $143.00 and gave the company an equal weight rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $127.60.

Science Applications International Trading Down 2.0 %

NYSE SAIC opened at $121.16 on Friday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 13.69 and a beta of 0.70. The business has a fifty day simple moving average of $133.53 and a 200 day simple moving average of $124.48. Science Applications International has a 12 month low of $95.43 and a 12 month high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 earnings per share. On average, analysts predict that Science Applications International will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company 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 1.22%. Science Applications International’s payout ratio is 16.72%.

Insider Transactions at Science Applications International

In other news, CEO Toni Townes-Whitley purchased 3,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Toni Townes-Whitley bought 3,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares in the company, valued at $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAIC. Cambridge Investment Research Advisors Inc. bought a new position in Science Applications International in the 1st quarter worth about $978,000. Natixis Advisors L.P. raised its holdings in shares of Science Applications International by 14.0% in the 1st quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock valued at $1,076,000 after acquiring an additional 1,432 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Science Applications International by 19.5% in the 1st quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock valued at $1,073,000 after acquiring an additional 1,862 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Science Applications International in the 1st quarter valued at about $578,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Science Applications International by 32.0% in the 1st quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock valued at $3,394,000 after acquiring an additional 8,926 shares in the last quarter. 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.