Science Applications International (NYSE:SAIC) Given New $160.00 Price Target at Citigroup

Science Applications International (NYSE:SAIC) had its price target upped by Citigroup from $155.00 to $160.00 in a research report report published on Friday, Benzinga reports. Citigroup currently has a buy rating on the information technology services provider’s stock.

Other analysts also recently issued research reports about the company. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a buy rating in a research note on Friday. JPMorgan Chase & Co. reduced their price target on shares of Science Applications International from $140.00 to $132.00 and set a neutral rating on the stock in a research report on Wednesday, July 10th. Truist Financial increased their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a hold rating in a research report on Friday. Finally, StockNews.com downgraded shares of Science Applications International from a buy rating to a hold rating in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $138.29.

Science Applications International Stock Performance

Shares of 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 fifty day moving average price of $123.03 and a 200-day moving average price of $127.35. The stock has a market cap of $6.82 billion, a PE ratio of 15.59 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly 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 return on equity of 22.56% and a net margin of 6.28%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the business posted $2.05 EPS. Science Applications International’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that Science Applications International will post 8.06 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid 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 of this dividend is Friday, October 11th. Science Applications International’s dividend payout ratio is currently 17.33%.

Insider Activity

In related news, CFO Prabu Natarajan acquired 2,000 shares of the stock in a transaction on Monday, June 10th. The stock was bought at an average cost of $114.85 per share, with a total value of $229,700.00. Following the transaction, the chief financial officer now directly owns 60,630 shares in the company, valued at $6,963,355.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Prabu Natarajan bought 2,000 shares of the stock in a transaction 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 acquisition, the chief financial officer now owns 60,630 shares of the company’s stock, valued at $6,963,355.50. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Vincent P. Difronzo purchased 215 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average price of $116.72 per share, for a total transaction of $25,094.80. Following the purchase, the executive vice president now owns 2,267 shares of the company’s stock, valued at approximately $264,604.24. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,715 shares of company stock valued at $430,207. 0.67% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently bought and sold shares of SAIC. Larson Financial Group LLC purchased a new position in Science Applications International in the second quarter valued at about $27,000. Parallel Advisors LLC raised its stake in shares of 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 acquiring an additional 100 shares in the last quarter. Fifth Third Bancorp lifted its position in Science Applications International by 30.4% during 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. CWM LLC boosted 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 acquiring an additional 147 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its holdings in Science Applications International by 150.3% in the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after purchasing an additional 284 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.