Science Applications International Corporation (NASDAQ:SAIC) Receives $124.44 Consensus Target Price from Brokerages

Shares of Science Applications International Corporation (NASDAQ:SAIC) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $125.2222.

Several research firms recently commented on SAIC. Jefferies Financial Group raised their target price on Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. UBS Group boosted their price target on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Citigroup raised their price target on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a report on Monday, August 31st.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $127.55 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.20. Science Applications International has a 1-year low of $81.08 and a 1-year high of $142.66. The business’s fifty day moving average price is $120.72 and its two-hundred day moving average price is $106.51. The firm has a market capitalization of $5.34 billion, a PE ratio of 14.92 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. Science Applications International’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $3.63 EPS. On average, research analysts expect that Science Applications International will post 10.73 EPS for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. boosted its position in shares of Science Applications International by 52.9% in the 2nd quarter. Baird Financial Group Inc. now owns 20,542 shares of the company’s stock valued at $2,268,000 after purchasing an additional 7,107 shares during the period. Allworth Financial LP raised its holdings in Science Applications International by 10.3% during the 2nd quarter. Allworth Financial LP now owns 1,720 shares of the company’s stock worth $190,000 after buying an additional 160 shares during the period. Nykredit A S purchased a new stake in Science Applications International during the second quarter valued at about $345,000. Corient Private Wealth LP lifted its stake in Science Applications International by 107.7% during the second quarter. Corient Private Wealth LP now owns 8,558 shares of the company’s stock valued at $945,000 after buying an additional 4,437 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Science Applications International in the second quarter worth about $2,951,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.