Science Applications International (NYSE:SAIC) Price Target Raised to $150.00 at JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) had its target price upped by JPMorgan Chase & Co. from $132.00 to $150.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

A number of other research analysts have also issued reports on SAIC. StockNews.com lowered shares of Science Applications International from a buy rating to a hold rating in a research note on Tuesday, June 4th. Truist Financial raised their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a research note on Friday. Citigroup upped their target price on Science Applications International from $155.00 to $160.00 and gave the company a buy rating in a research report on Friday. Finally, TD Cowen upped their price objective on shares of Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $138.29.

Science Applications International Price Performance

Shares of SAIC opened at $133.15 on Friday. The company has a 50 day moving average of $123.03 and a two-hundred day moving average of $127.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.13. Science Applications International has a twelve month low of $104.26 and a twelve month high of $145.17. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 15.59 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a return on equity of 22.56% and a net margin of 6.28%. The firm had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, analysts predict that Science Applications International will post 8.06 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%. Science Applications International’s payout ratio is 17.33%.

Insider Activity

In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, for a total transaction 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 $3,952,646. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Michelle A. O’hara acquired 1,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the completion of the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James Joshua Jackson bought 400 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, with a total value of $45,712.00. Following the purchase, 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. Insiders have acquired 3,715 shares of company stock worth $430,207 in the last ninety days. Company insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Several large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Science Applications International during the 2nd quarter worth $2,963,000. Dana Investment Advisors Inc. boosted its position in Science Applications International by 6.3% during the second quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock worth $3,741,000 after acquiring an additional 1,879 shares during the last quarter. Aristides Capital LLC purchased a new stake in Science Applications International during the 2nd quarter valued at about $231,000. Cetera Investment Advisers raised its holdings in Science Applications International by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after acquiring an additional 87 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its stake in Science Applications International by 26.7% in the 2nd quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock worth $358,000 after purchasing an additional 642 shares in the last quarter. 76.00% of the stock is currently 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.