Science Applications International Co. (NYSE:SAIC) Receives $125.00 Consensus Price Target from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been given an average rating of “Reduce” by the five brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $125.00.

SAIC has been the subject of several analyst reports. StockNews.com downgraded shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Truist Financial reduced their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, June 4th.

Insider Buying and Selling

In other news, CFO Prabu Natarajan bought 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the acquisition, the chief financial officer now directly owns 60,630 shares in the company, valued at approximately $6,963,355.50. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Prabu Natarajan purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the acquisition, the chief financial officer now owns 60,630 shares in the company, valued at approximately $6,963,355.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were bought at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The disclosure for this purchase can be found here. Insiders have bought a total of 3,715 shares of company stock valued at $430,207 in the last quarter. Company insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in Science Applications International by 250.8% during the fourth quarter. Corient Private Wealth LLC now owns 19,643 shares of the information technology services provider’s stock valued at $2,442,000 after acquiring an additional 14,043 shares in the last quarter. Quadrature Capital Ltd bought a new position in Science Applications International during the fourth quarter valued at approximately $950,000. International Assets Investment Management LLC raised its position in Science Applications International by 12,348.8% during the fourth quarter. International Assets Investment Management LLC now owns 91,872 shares of the information technology services provider’s stock valued at $11,422,000 after acquiring an additional 91,134 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Science Applications International by 38.8% in the fourth quarter. Franklin Resources Inc. now owns 39,418 shares of the information technology services provider’s stock valued at $4,900,000 after purchasing an additional 11,027 shares during the period. Finally, Twin Tree Management LP bought a new position in shares of Science Applications International in the first quarter valued at approximately $649,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

Shares of SAIC stock opened at $129.56 on Friday. The company has a market capitalization of $6.64 billion, a PE ratio of 15.17 and a beta of 0.69. The firm has a fifty day simple moving average of $120.32 and a 200-day simple moving average of $127.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a twelve month low of $104.26 and a twelve month high of $145.17.

Science Applications International (NYSE:SAIC) last announced its earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.84 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.14 earnings per share. Equities research analysts anticipate that Science Applications International will post 8.1 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Science Applications International’s dividend payout ratio (DPR) is presently 17.33%.

About Science Applications International

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.