Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $138.29

Shares of Science Applications International Co. (NYSE:SAIC) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $138.29.

Several brokerages recently issued reports on SAIC. Citigroup lifted their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Truist Financial boosted their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, TD Cowen boosted their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th.

Science Applications International Trading Up 1.2 %

Shares of Science Applications International stock opened at $136.62 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International has a 1 year low of $104.26 and a 1 year high of $145.17. The company has a market capitalization of $7.00 billion, a P/E ratio of 16.00 and a beta of 0.70. The business has a 50 day moving average price of $124.95 and a 200 day moving average price of $127.26.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm posted $2.05 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Science Applications International will post 8.17 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given 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 yield of 1.08%. Science Applications International’s payout ratio is currently 17.33%.

Insider Buying and Selling at Science Applications International

In related news, EVP James Joshua Jackson bought 400 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were acquired at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Michelle A. O’hara bought 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the purchase, the executive vice president now owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP James Joshua Jackson bought 400 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was bought at an average price of $114.28 per share, for a total transaction of $45,712.00. Following the purchase, the executive vice president now owns 13,677 shares in the company, valued at approximately $1,563,007.56. The disclosure for this purchase can be found here. Insiders bought a total of 1,715 shares of company stock valued at $200,507 in the last ninety days. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC acquired a new stake in Science Applications International during the second quarter worth about $27,000. Parallel Advisors LLC raised its stake in Science Applications International by 62.9% during the fourth 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 during the period. Fifth Third Bancorp raised its stake 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 worth $42,000 after acquiring an additional 84 shares during the period. CWM LLC raised its stake in Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC raised its stake in Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.