Science Applications International Co. (NYSE:SAIC) Receives $125.00 Average Target Price from Analysts

Science Applications International Co. (NYSE:SAIC) has been given a consensus rating of “Reduce” by the five ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $125.00.

Several brokerages have recently weighed in on SAIC. JPMorgan Chase & Co. decreased their price target on Science Applications International from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Truist Financial decreased their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, June 4th. Finally, StockNews.com lowered Science Applications International from a “buy” rating to a “hold” rating in a report on Tuesday, June 4th.

Science Applications International Trading Up 1.1 %

Shares of SAIC stock opened at $123.43 on Tuesday. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 14.45 and a beta of 0.69. The stock has a 50-day moving average of $121.03 and a 200-day moving average of $128.13. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a 1-year low of $104.26 and a 1-year high of $145.17.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Monday, June 3rd. The information technology services provider reported $1.92 earnings per share for the quarter, meeting the consensus estimate of $1.92. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 earnings per share. On average, equities research analysts forecast that Science Applications International will post 8.1 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a $0.37 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Buying and Selling

In other Science Applications International news, EVP James Joshua Jackson purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were acquired at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the acquisition, the executive vice president now owns 13,677 shares of the company’s stock, valued at approximately $1,563,007.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Michelle A. O’hara bought 1,000 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at approximately $3,952,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James Joshua Jackson bought 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was purchased at an average cost of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 3,715 shares of company stock worth $430,207. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

A number of large investors have recently bought and sold shares of the company. BlackDiamond Wealth Management LLC increased its position in Science Applications International by 1.6% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 5,239 shares of the information technology services provider’s stock worth $668,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp increased its position in 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 worth $42,000 after buying an additional 84 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Science Applications International by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the information technology services provider’s stock worth $1,956,000 after buying an additional 100 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System grew its position in shares of Science Applications International by 0.8% in the first quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock valued at $1,663,000 after purchasing an additional 100 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.