Science Applications International Co. (NYSE:SAIC) Given Consensus Recommendation of “Hold” by Analysts

Science Applications International Co. (NYSE:SAIC) has been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $124.20.

A number of research firms have commented on SAIC. Jefferies Financial Group upped their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Truist Financial cut their target price on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, June 3rd. Wells Fargo & Company increased their target price on Science Applications International from $132.00 to $137.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Finally, Barclays decreased their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating for the company in a research report on Monday, June 9th.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO Toni Townes-Whitley purchased 2,000 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Garth Graham acquired 215 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the completion of the acquisition, the director now directly owns 7,159 shares of the company’s stock, valued at $835,813.25. This represents a 3.10% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,260 shares of company stock valued at $365,037. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Science Applications International during the 4th quarter worth about $63,572,000. AQR Capital Management LLC lifted its holdings in Science Applications International by 115.8% in the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock worth $107,379,000 after purchasing an additional 513,192 shares during the last quarter. Invesco Ltd. boosted its position in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock worth $98,191,000 after purchasing an additional 485,496 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after purchasing an additional 464,989 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Science Applications International during the fourth quarter valued at approximately $34,909,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

NYSE SAIC opened at $105.40 on Friday. The stock has a market capitalization of $4.94 billion, a P/E ratio of 17.77 and a beta of 0.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The business’s fifty day moving average is $115.34 and its two-hundred day moving average is $111.87. Science Applications International has a 1 year low of $94.68 and a 1 year high of $156.34.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. During the same period last year, the business earned $1.92 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, research analysts forecast that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International’s dividend payout ratio is currently 20.76%.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.