Truist Financial Cuts Science Applications International (NASDAQ:SAIC) Price Target to $95.00

Science Applications International (NASDAQ:SAIC) had its price target lowered by Truist Financial from $110.00 to $95.00 in a research note published on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

SAIC has been the topic of a number of other reports. Citigroup raised their target price on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a report on Monday, December 29th. The Goldman Sachs Group lowered their price objective on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research report on Thursday, February 12th. UBS Group lifted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $113.89.

Science Applications International Price Performance

Science Applications International stock opened at $97.16 on Tuesday. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 12.63 and a beta of 0.31. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The business has a 50-day simple moving average of $97.38 and a 200 day simple moving average of $97.89. Science Applications International has a 52 week low of $81.08 and a 52 week high of $124.11.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter last year, the firm posted $2.57 EPS. The company’s revenue was down 4.8% compared to the same quarter last year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, April 10th. Science Applications International’s payout ratio is 19.25%.

Hedge Funds Weigh In On Science Applications International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Science Applications International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after acquiring an additional 15,272 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after acquiring an additional 441,296 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Science Applications International by 25.9% during the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after acquiring an additional 393,344 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Science Applications International by 20.2% during the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after purchasing an additional 263,006 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Science Applications International by 15.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,350,222 shares of the company’s stock worth $135,920,000 after purchasing an additional 176,160 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

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.