Science Applications International (NYSE:SAIC) Price Target Raised to $148.00 at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its target price boosted by Wells Fargo & Company from $139.00 to $148.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the information technology services provider’s stock.

Several other research analysts have also recently issued reports on SAIC. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on 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. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. Finally, Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $134.00.

Science Applications International Price Performance

Science Applications International stock opened at $105.98 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.18 billion, a PE ratio of 17.87 and a beta of 0.66. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34. The stock has a 50-day moving average price of $107.21 and a two-hundred day moving average price of $122.67.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the company earned $1.43 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Insider Buying and Selling at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the transaction, the director now owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC purchased a new stake in Science Applications International in the fourth quarter valued at $28,000. True Wealth Design LLC purchased a new stake in Science Applications International in the fourth quarter valued at $48,000. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International in the fourth quarter valued at $58,000. Quarry LP purchased a new stake in Science Applications International in the third quarter valued at $71,000. Finally, Jones Financial Companies Lllp boosted its holdings in Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other 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.