Science Applications International Co. (NYSE:SAIC) Given Consensus Recommendation of “Hold” by Brokerages

Science Applications International Co. (NYSE:SAIC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $150.43.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. TD Cowen lifted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, September 6th. StockNews.com cut shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd. Citigroup lifted their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Truist Financial lifted their price target 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, September 6th.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently added to or reduced their stakes in SAIC. Larson Financial Group LLC purchased a new stake in Science Applications International during the 2nd quarter worth approximately $27,000. UMB Bank n.a. grew its holdings in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC grew its holdings in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 203 shares in the last quarter. Fifth Third Bancorp grew its holdings in Science Applications International by 30.4% during the 2nd 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 in the last quarter. Finally, CWM LLC grew its holdings in Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Price Performance

Science Applications International stock opened at $146.33 on Thursday. Science Applications International has a 12-month low of $106.81 and a 12-month high of $148.65. The stock has a market cap of $7.25 billion, a P/E ratio of 17.13 and a beta of 0.70. The company has a 50-day moving average price of $138.47 and a 200 day moving average price of $129.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last released 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 net margin of 3.97% and a return on equity of 22.88%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $2.05 earnings per share. Science Applications International’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Science Applications International will post 8.2 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, October 11th. Science Applications International’s payout ratio is currently 17.33%.

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.