Brokerages Set Science Applications International Corporation (NASDAQ:SAIC) Target Price at $124.44

Shares of Science Applications International Corporation (NASDAQ:SAICGet Free Report) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.2222.

SAIC has been the subject of a number of recent analyst reports. TD Cowen reiterated a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. BNP Paribas Exane started coverage on shares of Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a research note on Tuesday. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Finally, UBS Group boosted their price target on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st.

Read Our Latest Report on Science Applications International

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in shares of Science Applications International by 10,238.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after buying an additional 5,467,211 shares during the last quarter. Norges Bank acquired a new position in Science Applications International in the 4th quarter valued at about $53,403,000. Fuller & Thaler Asset Management Inc. grew its stake in Science Applications International by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after buying an additional 441,296 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Science Applications International in the 2nd quarter valued at about $44,044,000. Finally, First Trust Advisors LP lifted its position in Science Applications International by 25.9% during the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after acquiring an additional 393,344 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Up 2.0%

NASDAQ:SAIC opened at $128.76 on Friday. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 15.06 and a beta of 0.30. Science Applications International has a twelve month low of $81.08 and a twelve month high of $142.66. The stock’s 50 day moving average price is $121.50 and its two-hundred day moving average price is $107.04. 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:SAICGet Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.63 EPS. Equities research analysts expect that Science Applications International will post 10.78 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, October 9th. Science Applications International’s payout ratio is currently 17.31%.

About Science Applications International

(Get Free Report)

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.

See Also

Analyst Recommendations for Science Applications International (NASDAQ:SAIC)

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.