Science Applications International Corporation (NASDAQ:SAIC) Stock Has Consensus Price Target of $125.22 According to Brokerages

Science Applications International Corporation (NASDAQ:SAIC) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $125.22.

SAIC has been the subject of several recent analyst reports. Jefferies Financial Group boosted their target price on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. UBS Group raised their price target on Science Applications International from $108.00 to $123.00 and gave the company a “neutral” rating in a report on Tuesday, September 1st. Truist Financial lifted their price target on Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group boosted their price objective on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Finally, TD Cowen restated a “hold” rating on shares of Science Applications International in a research report on Monday, August 31st.

Insider Activity at Science Applications International

In related news, Director C. David Cush acquired 1,000 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were purchased at an average price of $132.50 per share, for a total transaction of $132,500.00. Following the transaction, the director owned 1,000 shares in the company, valued at $132,500. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in Science Applications International by 57.3% in the third quarter. Versant Capital Management Inc now owns 1,343 shares of the company’s stock valued at $171,000 after acquiring an additional 489 shares during the last quarter. MAC Alpha Capital Management LP lifted its position in Science Applications International by 43.8% in the 2nd quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company’s stock worth $19,311,000 after buying an additional 53,277 shares during the last quarter. Tidal Investments LLC lifted its position in Science Applications International by 9.4% in the 2nd quarter. Tidal Investments LLC now owns 10,449 shares of the company’s stock worth $1,154,000 after buying an additional 900 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Science Applications International in the second quarter worth approximately $1,607,000. Finally, Baird Financial Group Inc. boosted its stake in Science Applications International by 52.9% in the second quarter. Baird Financial Group Inc. now owns 20,542 shares of the company’s stock worth $2,268,000 after buying an additional 7,107 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Trading Down 0.8%

Shares of SAIC opened at $125.26 on Thursday. The business’s 50-day moving average price is $126.82 and its 200-day moving average price is $111.33. Science Applications International has a twelve month low of $81.08 and a twelve month high of $142.66. The stock has a market cap of $5.25 billion, a PE ratio of 14.65 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 1.71.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $3.63 EPS. On average, equities analysts forecast that Science Applications International will post 10.77 EPS for the current fiscal year.

Science Applications International Announces Dividend

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

Science Applications International Company Profile

Science Applications International Corp. (SAIC) provides technology integration, mission services and engineering solutions primarily to the U.S. government. The company supports defense, intelligence, space, civilian and health agencies with services focused on digital modernization, cloud computing, cybersecurity, artificial intelligence, data analytics and enterprise information technology.

SAIC also provides systems engineering, logistics, program management, software development, infrastructure support and mission operations.