Science Applications International Co. (NYSE:SAIC) Receives $125.00 Consensus Price Target from Brokerages

Shares of Science Applications International Co. (NYSE:SAIC) have earned an average rating of “Reduce” from the five ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $125.00.

A number of analysts recently weighed in on the company. Truist Financial decreased their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a report on Tuesday, June 4th. StockNews.com downgraded Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reduced their target price on Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th.

Science Applications International Price Performance

Science Applications International stock opened at $126.68 on Friday. The stock has a 50-day moving average price of $119.76 and a two-hundred day moving average price of $127.45. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17. The company has a market capitalization of $6.49 billion, a PE ratio of 16.30 and a beta of 0.69. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.92. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.14 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts expect that Science Applications International will post 8.1 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were given a dividend of $0.37 per share. The ex-dividend date was Friday, July 12th. This represents a $1.48 annualized dividend and a dividend yield of 1.17%. Science Applications International’s payout ratio is 17.33%.

Insiders Place Their Bets

In other Science Applications International news, CFO Prabu Natarajan purchased 2,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the acquisition, the chief financial officer now owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Prabu Natarajan acquired 2,000 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were bought at an average price of $114.85 per share, with a total value of $229,700.00. Following the transaction, the chief financial officer now directly owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP James Joshua Jackson bought 400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now directly owns 13,677 shares in the company, valued at $1,563,007.56. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 3,715 shares of company stock worth $430,207. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently modified their holdings of the company. BlackDiamond Wealth Management LLC raised its holdings in Science Applications International by 1.6% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock worth $668,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Science Applications International by 30.4% in 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 during the last quarter. Bank of Montreal Can lifted its position 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 valued at $878,000 after acquiring an additional 90 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Science Applications International by 0.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the information technology services provider’s stock valued at $1,956,000 after purchasing an additional 100 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

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.