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

Science Applications International Co. (NYSE:SAIC) has received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $150.43.

A number of research firms have recently issued reports on SAIC. Wells Fargo & Company raised their price target on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. TD Cowen raised their target price on shares of Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays upped their target price on Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. StockNews.com downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Citigroup upped their price objective on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp increased its position in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares during the period. Dimensional Fund Advisors LP grew its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after acquiring an additional 56,414 shares during the period. Geode Capital Management LLC raised its position in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after acquiring an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp raised its position in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after acquiring an additional 25,807 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Science Applications International by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock valued at $72,269,000 after acquiring an additional 6,780 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.5 %

Shares of Science Applications International stock opened at $124.20 on Monday. The business has a 50-day moving average price of $140.79 and a 200 day moving average price of $130.32. Science Applications International has a fifty-two week low of $112.00 and a fifty-two week high of $156.34. The firm has a market cap of $6.15 billion, a P/E ratio of 22.34 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $2.05 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Science Applications International will post 8.2 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 1.19%. The ex-dividend date of this dividend was Friday, October 11th. Science Applications International’s payout ratio is currently 26.62%.

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.