Science Applications International Co. (NYSE:SAIC) Receives $134.00 Average PT from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have received a consensus rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $134.00.

Several research firms have recently issued reports on SAIC. UBS Group upped their price target on Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 18th. TD Cowen lowered shares of Science Applications International from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Truist Financial lowered their price target on Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research report on Tuesday, March 18th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th.

Insiders Place Their Bets

In related news, CEO Toni Townes-Whitley acquired 2,000 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, with a total value of $223,340.00. Following the completion of the acquisition, the chief executive officer now owns 45,183 shares of the company’s stock, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Milford W. Mcguirt bought 500 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were bought at an average price of $110.58 per share, with a total value of $55,290.00. Following the transaction, the director now directly owns 6,841 shares in the company, valued at $756,477.78. This trade represents a 7.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 2,815 shares of company stock worth $314,652 over the last 90 days. Corporate insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International during the fourth quarter worth $28,000. True Wealth Design LLC bought a new stake in Science Applications International during the 4th quarter worth about $48,000. Quarry LP acquired a new stake in Science Applications International in the 3rd quarter valued at about $71,000. Kapitalo Investimentos Ltda bought a new position in shares of Science Applications International in the fourth quarter worth about $58,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after purchasing an additional 156 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Trading Down 2.2 %

NYSE SAIC opened at $111.70 on Friday. The firm’s 50 day moving average price is $106.21 and its two-hundred day moving average price is $120.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 18.84 and a beta of 0.58.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. Science Applications International’s quarterly revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is currently 20.58%.

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.