Stifel Nicolaus Cuts Science Applications International (NASDAQ:SAIC) Price Target to $120.00

Science Applications International (NASDAQ:SAIC) had its price objective reduced by Stifel Nicolaus from $128.00 to $120.00 in a research note issued to investors on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Zacks Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. Citigroup lifted their target price on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, UBS Group upped their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus target price of $113.89.

Science Applications International Stock Up 0.8%

SAIC stock opened at $97.16 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $4.22 billion, a P/E ratio of 12.63 and a beta of 0.31. Science Applications International has a 52-week low of $81.08 and a 52-week high of $124.11. The company’s 50 day simple moving average is $97.38 and its 200-day simple moving average is $97.89.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the business posted $2.57 EPS. The company’s revenue was down 4.8% on a year-over-year basis.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Science Applications International’s dividend payout ratio is 19.25%.

Institutional Trading of Science Applications International

A number of institutional investors have recently bought and sold shares of SAIC. Goldman Sachs Group Inc. raised its stake in shares of Science Applications International by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock worth $16,454,000 after purchasing an additional 26,633 shares in the last quarter. Empowered Funds LLC increased its holdings in Science Applications International by 93.2% in the first quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after buying an additional 5,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Science Applications International by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock valued at $16,863,000 after acquiring an additional 7,816 shares in the last quarter. Focus Partners Wealth lifted its stake in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Science Applications International by 638.1% in the second quarter. Allworth Financial LP now owns 620 shares of the company’s stock valued at $70,000 after acquiring an additional 536 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.