Science Applications International (NYSE:SAIC) Reaches New 1-Year High – Still a Buy?

Science Applications International Co. (NYSE:SAIC) shares reached a new 52-week high on Monday . The company traded as high as $148.65 and last traded at $147.98, with a volume of 4055 shares. The stock had previously closed at $147.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SAIC shares. Barclays raised their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Monday, September 16th. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Citigroup increased their target price on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Science Applications International from $122.00 to $157.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $150.43.

Science Applications International Price Performance

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average price is $136.12 and its two-hundred day moving average price is $128.38. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 26.18 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last released 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. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. On average, equities research analysts forecast that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.02%. Science Applications International’s payout ratio is currently 26.62%.

Hedge Funds Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Dimensional Fund Advisors LP raised its stake 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in Science Applications International by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock valued at $65,511,000 after purchasing an additional 25,807 shares during the last quarter. American Century Companies Inc. boosted its position in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider’s stock valued at $44,524,000 after buying an additional 28,304 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider’s stock worth $36,887,000 after buying an additional 27,664 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Science Applications International by 36,732.4% during the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after buying an additional 245,005 shares in the last quarter. Institutional investors 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.