Science Applications International Co. (NYSE:SAIC) Receives Average Recommendation of “Hold” from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been given a consensus rating of “Hold” by the seven analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $150.43.

Several equities analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and raised their price target for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Citigroup lifted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Finally, TD Cowen upped their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, September 6th.

Institutional Trading of Science Applications International

A number of hedge funds and other institutional investors have recently made changes to their positions in SAIC. Larson Financial Group LLC bought a new position in Science Applications International in the second quarter valued at $27,000. UMB Bank n.a. grew its holdings in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp increased its position in shares of 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 valued at $42,000 after acquiring an additional 84 shares during the last quarter. Finally, CWM LLC raised its holdings in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Science Applications International stock opened at $149.16 on Thursday. The stock has a 50-day simple moving average of $140.28 and a 200 day simple moving average of $129.94. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 26.83 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International has a 12-month low of $109.46 and a 12-month high of $156.34.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts anticipate that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is currently 26.62%.

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.