Barclays Increases Science Applications International (NYSE:SAIC) Price Target to $150.00

Science Applications International (NYSE:SAIC) had its price target hoisted by Barclays from $135.00 to $150.00 in a report issued on Monday, Benzinga reports. They currently have an equal weight rating on the information technology services provider’s stock.

SAIC has been the topic of a number of other reports. StockNews.com raised Science Applications International from a hold rating to a buy rating in a report on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on Science Applications International from $132.00 to $150.00 and gave the stock a neutral rating in a report on Friday, September 6th. TD Cowen upped their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a buy rating in a report on Friday, September 6th. Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a report on Friday, September 6th. Finally, Citigroup upped their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a buy rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $139.75.

Science Applications International Stock Up 0.2 %

NYSE SAIC opened at $134.74 on Monday. The stock’s 50 day moving average is $126.60 and its 200 day moving average is $127.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17. The stock has a market cap of $6.67 billion, a PE ratio of 15.78 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company 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 firm earned $2.05 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Research analysts predict that Science Applications International will post 8.18 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio is currently 17.33%.

Insider Activity

In related news, EVP Michelle A. O’hara bought 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the transaction, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the business’s stock in a transaction 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vincent P. Difronzo acquired 215 shares of the business’s stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $116.72 per share, for a total transaction of $25,094.80. Following the transaction, the executive vice president now directly owns 2,267 shares in the company, valued at $264,604.24. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,715 shares of company stock valued at $200,507. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in shares of Science Applications International during the 2nd quarter worth $2,963,000. Dana Investment Advisors Inc. grew its position in shares of Science Applications International by 6.3% during the 2nd quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock worth $3,741,000 after buying an additional 1,879 shares in the last quarter. Aristides Capital LLC bought a new position in shares of Science Applications International during the 2nd quarter worth $231,000. Cetera Investment Advisers grew its position in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after buying an additional 87 shares in the last quarter. Finally, Brandes Investment Partners LP grew its position in shares of Science Applications International by 26.7% during the 2nd quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock worth $358,000 after buying an additional 642 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

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.