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

Science Applications International Co. (NYSE:SAIC) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $139.38.

SAIC has been the topic of several analyst reports. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price target 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. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group started coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price target on the stock.

Science Applications International Price Performance

SAIC opened at $115.87 on Tuesday. The firm has a market cap of $5.66 billion, a PE ratio of 19.54 and a beta of 0.66. The stock has a 50-day moving average price of $118.97 and a 200-day moving average price of $127.74. Science Applications International has a 1 year low of $108.90 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, January 10th. Science Applications International’s dividend payout ratio is presently 24.96%.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the sale, the director now directly owns 6,864 shares in the company, valued at $807,892.80. This trade represents a 32.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Barbara Supplee bought 425 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Large investors have recently made changes to their positions in the business. UMB Bank n.a. lifted its holdings in Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Science Applications International by 236.0% in 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 in the last quarter. Quarry LP bought a new position in shares of Science Applications International during the third quarter worth $71,000. Sunbelt Securities Inc. purchased a new position in Science Applications International during the second quarter valued at $78,000. Finally, Sound Income Strategies LLC bought a new stake in Science Applications International in the 3rd quarter valued at $121,000. 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.