Science Applications International Corporation (NASDAQ:SAIC – Get Free Report)’s share price reached a new 52-week high during trading on Thursday. The stock traded as high as $143.23 and last traded at $142.7270, with a volume of 245,587 shares. The stock had previously closed at $136.74.
Analysts Set New Price Targets
Several research firms have weighed in on SAIC. Truist Financial boosted their price target on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Jefferies Financial Group lifted their target price on shares of Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. Weiss Ratings raised Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a research report on Monday, August 31st. Finally, Stifel Nicolaus upped their price target on Science Applications International from $137.00 to $154.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus price target of $125.22.
Read Our Latest Report on SAIC
Science Applications International Stock Up 5.0%
The company’s 50-day moving average price is $129.39 and its 200 day moving average price is $114.62. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $6.01 billion, a P/E ratio of 16.79 and a beta of 0.31.
Science Applications International (NASDAQ:SAIC – Get Free Report) last announced its earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion during 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 revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.63 earnings per share. As a group, equities analysts expect that Science Applications International Corporation will post 10.77 earnings per share for the current 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 paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International’s payout ratio is 17.31%.
Insiders Place Their Bets
In related news, Director C. David Cush acquired 1,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director owned 1,000 shares in the company, valued at $132,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.
Institutional Trading of Science Applications International
Several institutional investors and hedge funds have recently modified their holdings of the business. Elevation Wealth Partners LLC raised its holdings in Science Applications International by 75.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 346 shares of the company’s stock valued at $44,000 after acquiring an additional 149 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Science Applications International during the 3rd quarter valued at $58,000. Versant Capital Management Inc lifted its stake in shares of Science Applications International by 155.7% during the second quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock worth $94,000 after purchasing an additional 520 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Science Applications International by 86.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock valued at $135,000 after buying an additional 570 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Science Applications International by 134.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the company’s stock worth $179,000 after acquiring an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.
About Science Applications International
Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.
SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.
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