Science Applications International (NYSE:SAIC) Price Target Increased to $150.00 by Analysts at JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) had its target price boosted by JPMorgan Chase & Co. from $132.00 to $150.00 in a research report released on Friday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the information technology services provider’s stock.

Several other research analysts have also commented on the company. Truist Financial raised their price target on Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a research report on Friday. TD Cowen increased their target price on Science Applications International from $145.00 to $155.00 and gave the stock a buy rating in a research note on Friday. Citigroup lifted their target price on Science Applications International from $155.00 to $160.00 and gave the company a buy rating in a research report on Friday. Finally, StockNews.com cut shares of Science Applications International from a buy rating to a hold rating in a research report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $138.29.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $133.15 on Friday. The firm has a market cap of $6.82 billion, a PE ratio of 15.59 and a beta of 0.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a 52 week low of $104.26 and a 52 week high of $145.17. The business’s fifty 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 earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a net margin of 6.28% and a return on equity of 22.56%. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.05 earnings per share. Equities analysts forecast that Science Applications International will post 8.06 earnings per share for the current year.

Science Applications International Announces Dividend

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

Insider Buying and Selling

In related news, EVP Michelle A. O’hara purchased 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were bought at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the completion of 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 is accessible through this hyperlink. In other Science Applications International news, CFO Prabu Natarajan bought 2,000 shares of the stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $114.85 per share, for a total transaction of $229,700.00. Following the completion of the transaction, the chief financial officer now owns 60,630 shares in the company, valued at approximately $6,963,355.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michelle A. O’hara purchased 1,000 shares of Science Applications International stock in a transaction that occurred on Friday, July 12th. The stock was acquired 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 $3,952,646. The disclosure for this purchase can be found here. Insiders acquired a total of 3,715 shares of company stock worth $430,207 over the last 90 days. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of Science Applications International by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 30,904 shares of the information technology services provider’s stock worth $3,842,000 after buying an additional 217 shares during the period. Lincoln National Corp grew its stake in shares of Science Applications International by 8.5% in the 4th quarter. Lincoln National Corp now owns 7,025 shares of the information technology services provider’s stock valued at $873,000 after purchasing an additional 553 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Science Applications International by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 513,725 shares of the information technology services provider’s stock valued at $63,866,000 after purchasing an additional 6,189 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Science Applications International by 10.4% during the fourth quarter. Teacher Retirement System of Texas now owns 38,248 shares of the information technology services provider’s stock worth $4,755,000 after purchasing an additional 3,588 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Science Applications International by 28.7% during the fourth quarter. BNP Paribas Financial Markets now owns 13,331 shares of the information technology services provider’s stock worth $1,657,000 after purchasing an additional 2,969 shares during the period. 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.