Science Applications International (NYSE:SAIC) Sets New 1-Year High – What’s Next?

Science Applications International Co. (NYSE:SAIC) shares reached a new 52-week high on Monday . The company traded as high as $148.65 and last traded at $147.98, with a volume of 4055 shares traded. The stock had previously closed at $147.70.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Citigroup raised their price target 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. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, Barclays increased their price target on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $150.43.

Science Applications International Stock Down 1.0 %

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day simple moving average is $136.12 and its 200 day simple moving average is $128.38. The firm has a market cap of $7.21 billion, a P/E ratio of 26.18 and a beta of 0.70.

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

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

Institutional Trading of Science Applications International

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after purchasing an additional 245,005 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Science Applications International during the third quarter worth $210,000. Allspring Global Investments Holdings LLC boosted its position in Science Applications International by 60.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 30,536 shares of the information technology services provider’s stock worth $4,253,000 after purchasing an additional 11,512 shares during the last quarter. Raymond James & Associates increased its position in shares of Science Applications International by 4.9% during the 3rd quarter. Raymond James & Associates now owns 76,873 shares of the information technology services provider’s stock valued at $10,706,000 after purchasing an additional 3,598 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Science Applications International by 12.1% during the third quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock valued at $214,000 after buying an additional 165 shares during the period. Institutional investors own 76.00% of the company’s stock.

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.