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

Shares of Science Applications International Co. (NYSE:SAICGet Free Report) have been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $125.33.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered Science Applications International from an “overweight” rating to a “neutral” rating and increased their target price for the company from $130.00 to $142.00 in a research note on Tuesday, December 5th. StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Wells Fargo & Company upped their target price on shares of Science Applications International from $116.00 to $141.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 5th. Finally, Truist Financial lifted their price target on shares of Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, December 5th.

View Our Latest Stock Report on Science Applications International

Insider Buying and Selling at Science Applications International

In other Science Applications International news, insider Robert S. Genter sold 7,024 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $125.00, for a total transaction of $878,000.00. Following the completion of the transaction, the insider now owns 48,204 shares of the company’s stock, valued at approximately $6,025,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Donna S. Morea sold 1,209 shares of Science Applications International stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $125.11, for a total value of $151,257.99. Following the sale, the director now owns 31,834 shares of the company’s stock, valued at $3,982,751.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert S. Genter sold 7,024 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $125.00, for a total value of $878,000.00. Following the completion of the sale, the insider now directly owns 48,204 shares of the company’s stock, valued at approximately $6,025,500. The disclosure for this sale can be found here. Insiders have sold 12,233 shares of company stock valued at $1,539,058 in the last 90 days. 1.29% of the stock is currently owned by company insiders.

Institutional Trading of Science Applications International

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Wellington Management Group LLP raised its holdings in Science Applications International by 9.4% in the 1st quarter. Wellington Management Group LLP now owns 5,699,458 shares of the information technology services provider’s stock valued at $525,321,000 after acquiring an additional 491,167 shares during the period. Vanguard Group Inc. lifted its holdings in Science Applications International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,210,623 shares of the information technology services provider’s stock worth $460,775,000 after purchasing an additional 68,359 shares during the last quarter. BlackRock Inc. boosted its stake in Science Applications International by 2.0% in the 1st quarter. BlackRock Inc. now owns 4,887,542 shares of the information technology services provider’s stock valued at $450,486,000 after purchasing an additional 94,874 shares during the period. FMR LLC grew its holdings in Science Applications International by 13.2% in the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after buying an additional 328,426 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Science Applications International by 14.8% in the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock valued at $225,082,000 after acquiring an additional 233,075 shares in the last quarter. 75.31% of the stock is owned by institutional investors.

Science Applications International Stock Performance

Science Applications International stock opened at $139.44 on Friday. The company has a market cap of $7.26 billion, a PE ratio of 14.76 and a beta of 0.71. The company has a current ratio of 1.13, a quick ratio of 1.08 and a debt-to-equity ratio of 1.20. Science Applications International has a 1 year low of $95.43 and a 1 year high of $139.54. The company’s 50-day moving average is $128.60 and its two-hundred day moving average is $119.45.

Science Applications International (NYSE:SAICGet Free Report) last announced its quarterly earnings data on Monday, December 4th. The information technology services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.58. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Science Applications International had a net margin of 6.67% and a return on equity of 26.14%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Equities analysts anticipate that Science Applications International will post 7.88 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Thursday, January 11th. Science Applications International’s dividend payout ratio (DPR) is presently 15.66%.

Science Applications International Company Profile

(Get Free Report

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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