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

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One equities research 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. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $144.38.

SAIC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Barclays increased their price target on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Citigroup boosted their price objective 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. Finally, TD Cowen increased their target price 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 Stock Performance

Shares of NYSE SAIC opened at $110.11 on Friday. Science Applications International has a one year low of $108.90 and a one year high of $156.34. The business’s 50-day moving average price is $132.81 and its two-hundred day moving average price is $128.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $5.38 billion, a P/E ratio of 18.57 and a beta of 0.64.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. Science Applications International’s payout ratio is presently 24.96%.

Insider Activity at Science Applications International

In related news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Institutional Investors Weigh In On Science Applications International

Large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. Larson Financial Group LLC bought a new stake in Science Applications International during the 2nd quarter valued at $27,000. GAMMA Investing LLC raised its holdings in Science Applications International by 236.0% during the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock worth $40,000 after buying an additional 203 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Science Applications International during the third quarter valued at about $71,000. 76.00% of the stock is currently 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.