Brokerages Set Science Applications International Co. (NYSE:SAIC) Target Price at $137.22

Science Applications International Co. (NYSE:SAIC) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $137.22.

Several research firms have recently weighed in on SAIC. JPMorgan Chase & Co. lowered their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. UBS Group assumed coverage on Science Applications International in a research report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock. Wells Fargo & Company dropped their price objective on Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Cantor Fitzgerald initiated coverage on shares of Science Applications International in a research note on Friday, February 7th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group dropped their target price on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Barbara Supplee bought 425 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently modified their holdings of the business. UMB Bank n.a. boosted 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 last quarter. Cornerstone Planning Group LLC bought a new position in shares of Science Applications International in the 4th quarter worth $28,000. GAMMA Investing LLC grew its stake in shares of Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after purchasing an additional 203 shares during the period. Quarry LP bought a new stake in Science Applications International in the third quarter valued at about $71,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Science Applications International in the fourth quarter valued at about $58,000. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $100.93 on Friday. Science Applications International has a twelve month low of $99.32 and a twelve month high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $4.93 billion, a P/E ratio of 17.02 and a beta of 0.66. The firm’s 50-day simple moving average is $111.77 and its 200-day simple moving average is $126.31.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s payout ratio is presently 24.96%.

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 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.