Science Applications International Co. (NYSE:SAIC) Receives $146.14 Average Price Target from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $148.43.

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Citigroup upped their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised shares of Science Applications International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, 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 research note on Friday, September 6th.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp grew its holdings in Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after purchasing an additional 87 shares in the last quarter. Bank of Montreal Can boosted its stake in Science Applications International by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Science Applications International by 62.9% during the fourth 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 during the period. Finally, State of Michigan Retirement System increased its holdings in shares of Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.4 %

NYSE:SAIC opened at $142.74 on Friday. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 16.67 and a beta of 0.70. Science Applications International has a twelve month low of $105.97 and a twelve month high of $145.97. The stock’s 50 day moving average price is $131.73 and its two-hundred day moving average price is $127.33. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates 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 company earned $2.05 earnings per share. Equities research analysts expect that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) 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.