Science Applications International (NYSE:SAIC) Price Target Increased to $135.00 by Analysts at Truist Financial

Science Applications International (NYSE:SAIC) had its target price boosted by Truist Financial from $125.00 to $135.00 in a report published on Friday, Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

A number of other analysts have also recently weighed in on SAIC. JPMorgan Chase & Co. decreased their price target on shares of Science Applications International from $140.00 to $132.00 and set a neutral rating for the company in a research report on Wednesday, July 10th. StockNews.com lowered Science Applications International from a buy rating to a hold rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Science Applications International presently has an average rating of Hold and a consensus price target of $138.29.

Science Applications International Stock Performance

NYSE SAIC opened at $133.15 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.95 and a quick ratio of 0.95. Science Applications International has a 1-year low of $104.26 and a 1-year high of $145.17. The firm has a market capitalization of $6.82 billion, a P/E ratio of 15.59 and a beta of 0.70. The business’s 50-day simple moving average is $123.03 and its 200-day simple moving average is $127.35.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $2.05 earnings per share. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. Equities analysts predict that Science Applications International will post 8.06 EPS for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, October 11th. Science Applications International’s payout ratio is 17.33%.

Insider Buying and Selling

In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the stock in a transaction on Friday, July 12th. The stock was purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now directly owns 33,497 shares in the company, valued at $3,952,646. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Michelle A. O’hara acquired 1,000 shares of Science Applications International stock in a transaction on Friday, July 12th. The shares were purchased at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prabu Natarajan acquired 2,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $114.85 per share, with a total value of $229,700.00. Following the completion of the acquisition, the chief financial officer now owns 60,630 shares in the company, valued at $6,963,355.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 3,715 shares of company stock worth $430,207. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC bought a new position in shares of Science Applications International during the second quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after buying an additional 84 shares during the period. CWM LLC lifted its stake in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 147 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its holdings in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock valued at $62,000 after acquiring an additional 284 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

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.