Science Applications International Corporation (NASDAQ:SAIC) Given Average Recommendation of “Hold” by Analysts

Shares of Science Applications International Corporation (NASDAQ:SAIC) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $113.8889.

Several analysts recently weighed in on the company. Citigroup lifted their price objective on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Truist Financial dropped their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut their target price 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. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a report on Monday, December 29th. Finally, UBS Group upped their price target on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th.

Science Applications International Stock Up 0.8%

Shares of NASDAQ:SAIC opened at $97.16 on Friday. The business’s 50 day moving average is $97.38 and its 200 day moving average is $97.89. The stock has a market cap of $4.22 billion, a P/E ratio of 12.63 and a beta of 0.31. Science Applications International has a 52-week low of $81.08 and a 52-week high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $2.57 EPS. Science Applications International’s revenue was down 4.8% on a year-over-year basis.

Science Applications International Dividend Announcement

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

Institutional Trading of Science Applications International

Hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its holdings in shares of Science Applications International by 4.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,659 shares of the company’s stock valued at $469,000 after acquiring an additional 187 shares during the period. River Road Asset Management LLC lifted its stake in shares of Science Applications International by 44.4% during the 4th quarter. River Road Asset Management LLC now owns 479,677 shares of the company’s stock worth $48,284,000 after purchasing an additional 147,438 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in 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 purchasing an additional 441,296 shares in the last quarter. Empowered Funds LLC boosted its position in Science Applications International by 6.1% during the fourth quarter. Empowered Funds LLC now owns 6,358 shares of the company’s stock valued at $640,000 after purchasing an additional 368 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Science Applications International in the fourth quarter valued at about $914,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.