Science Applications International (NYSE:SAIC) Price Target Lowered to $115.00 at Truist Financial

Science Applications International (NYSE:SAIC) had its price objective cut by Truist Financial from $135.00 to $115.00 in a report published on Tuesday morning,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

A number of other brokerages also recently commented on SAIC. UBS Group increased their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Stock Performance

Shares of SAIC stock opened at $105.98 on Tuesday. The firm’s 50 day moving average price is $107.21 and its 200-day moving average price is $122.67. 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 one year low of $94.68 and a one year high of $156.34. The firm has a market cap of $5.18 billion, a P/E ratio of 17.87 and a beta of 0.66.

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

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of SAIC. Fuller & Thaler Asset Management Inc. lifted its position in Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock valued at $244,412,000 after buying an additional 464,989 shares in the last quarter. State Street Corp lifted its position in Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after buying an additional 15,166 shares in the last quarter. First Trust Advisors LP lifted its position in Science Applications International by 0.3% during the fourth quarter. First Trust Advisors LP now owns 1,218,137 shares of the information technology services provider’s stock valued at $136,163,000 after buying an additional 3,078 shares in the last quarter. Geode Capital Management LLC lifted its position in Science Applications International by 1.9% during the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after buying an additional 18,102 shares in the last quarter. Finally, Norges Bank acquired a new position in Science Applications International during the fourth quarter valued at approximately $63,572,000. 76.00% of the stock is owned by institutional investors and hedge funds.

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.