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

Shares of Science Applications International Corporation (NASDAQ:SAIC – Get Free Report) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $125.22.

SAIC has been the subject of a number of research reports. Truist Financial increased 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 price objective on Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group upped their target price on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Weiss Ratings upgraded Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 9th. Finally, TD Cowen reissued a “hold” rating on shares of Science Applications International in a research report on Monday, August 31st.

Read Our Latest Stock Analysis on SAIC

Science Applications International Trading Down 0.4%

Shares of SAIC stock opened at $148.93 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. Science Applications International has a 52-week low of $81.08 and a 52-week high of $150.79. The company has a market capitalization of $6.24 billion, a PE ratio of 17.42 and a beta of 0.31. The business’s fifty day moving average is $131.51 and its 200 day moving average is $110.57.

Science Applications International (NASDAQ:SAIC – Get Free Report) last issued its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.70. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates 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 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 earned $3.63 EPS. On average, equities research analysts anticipate 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 was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were given 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 was Friday, October 9th. Science Applications International’s payout ratio is currently 17.31%.

Insider Buying and Selling at Science Applications International

In related news, Director C. David Cush purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of $132.50 per share, for a total transaction of $132,500.00. Following the purchase, the director directly owned 1,000 shares of the company’s stock, valued at approximately $132,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently added to or reduced their stakes in SAIC. Bank of New York Mellon Corp acquired a new position in shares of Science Applications International during the 2nd quarter worth approximately $44,044,000. Dimensional Fund Advisors LP lifted its position in shares of Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after buying an additional 185,066 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Science Applications International by 4,112.1% during the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the company’s stock valued at $10,843,000 after buying an additional 82,982 shares in the last quarter. Fifth Third Bancorp grew its stake in Science Applications International by 13,176.6% in the 1st quarter. Fifth Third Bancorp now owns 63,064 shares of the company’s stock valued at $5,986,000 after acquiring an additional 62,589 shares during the period. Finally, Bank of America Corp DE grew its stake in Science Applications International by 17.5% in the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after acquiring an additional 56,720 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Company Profile

(Get Free Report)

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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Analyst Recommendations for Science Applications International (NASDAQ:SAIC)

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