Analysts Set Science Applications International Co. (NYSE:SAIC) Target Price at $127.60

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned an average recommendation of “Reduce” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $127.60.

SAIC has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Truist Financial reissued a “hold” rating and set a $130.00 target price on shares of Science Applications International in a report on Friday, April 12th. StockNews.com raised Science Applications International from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Finally, The Goldman Sachs Group cut their price target on Science Applications International from $113.00 to $110.00 and set a “sell” rating on the stock in a research note on Thursday, February 29th.

Science Applications International Stock Performance

SAIC opened at $123.18 on Friday. The firm has a market cap of $6.36 billion, a P/E ratio of 13.92 and a beta of 0.70. Science Applications International has a 52-week low of $95.43 and a 52-week high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The business’s fifty day moving average is $133.22 and its 200-day moving average is $124.60.

Science Applications International (NYSE:SAIC) last released its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.01). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.04 earnings per share. Sell-side analysts expect that Science Applications International will post 8.11 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. Science Applications International’s payout ratio is currently 16.72%.

Insiders Place Their Bets

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of Science Applications International stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the sale, the director now directly owns 8,653 shares in the company, valued at $1,087,162.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Vincent P. Difronzo acquired 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the acquisition, the executive vice president now directly owns 8,772 shares in the company, valued at approximately $1,105,622.88. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Katharina G. Mcfarland sold 760 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now owns 8,653 shares of the company’s stock, valued at approximately $1,087,162.92. The disclosure for this sale can be found here. 1.29% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Contravisory Investment Management Inc. bought a new stake in shares of Science Applications International during the fourth quarter valued at approximately $25,000. Quarry LP increased its holdings in shares of Science Applications International by 100.0% during the second quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 109 shares in the last quarter. CVA Family Office LLC purchased a new position in shares of Science Applications International during the fourth quarter valued at approximately $26,000. Gradient Investments LLC boosted its position in shares of Science Applications International by 1,104.8% during the third quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after buying an additional 232 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares during 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.