Wall Street Zen downgraded shares of Science Applications International (NASDAQ:SAIC – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.
Several other research firms have also weighed in on SAIC. The Goldman Sachs Group upped their target price on Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a report on Tuesday, September 8th. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Truist Financial increased their price objective on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. TD Cowen restated a “hold” rating on shares of Science Applications International in a report on Monday, August 31st. Finally, Weiss Ratings upgraded shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Science Applications International has an average rating of “Hold” and an average target price of $125.22.
Check Out Our Latest Stock Analysis on Science Applications International
Science Applications International Trading Up 0.1%
Science Applications International (NASDAQ:SAIC – Get Free Report) last announced its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. On average, research analysts anticipate that Science Applications International will post 10.78 EPS for the current fiscal year.
Science Applications International Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International’s payout ratio is 17.31%.
Institutional Trading of Science Applications International
Large investors have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Science Applications International by 10.3% in the 2nd quarter. Allworth Financial LP now owns 1,720 shares of the company’s stock worth $190,000 after purchasing an additional 160 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of Science Applications International by 4.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,659 shares of the company’s stock worth $469,000 after purchasing an additional 187 shares during the period. First Citizens Bank & Trust Co. grew its holdings in shares of Science Applications International by 3.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 6,557 shares of the company’s stock worth $622,000 after purchasing an additional 217 shares during the period. HB Wealth Management LLC increased its position in Science Applications International by 1.2% during the 2nd quarter. HB Wealth Management LLC now owns 18,974 shares of the company’s stock worth $2,095,000 after purchasing an additional 219 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in Science Applications International by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,523 shares of the company’s stock worth $610,000 after purchasing an additional 261 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
Science Applications International Company Profile
Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.
SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.
Featured Articles
- Five stocks we like better than Science Applications International
- Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck?
- Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback
- AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It
- Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for Science Applications International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Science Applications International and related companies with MarketBeat.com's FREE daily email newsletter.
