Science Applications International (NASDAQ:SAIC) Reaches New 1-Year High – Still a Buy?

Shares of Science Applications International Corporation (NASDAQ:SAIC) hit a new 52-week high during trading on Thursday. The company traded as high as $153.00 and last traded at $150.52, with a volume of 21,382 shares traded. The stock had previously closed at $148.93.

Analyst Upgrades and Downgrades

SAIC has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Science Applications International from $137.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Jefferies Financial Group raised their target price on shares of Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. The Goldman Sachs Group lifted their price target on shares of Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research report on Tuesday, September 8th. UBS Group boosted their price target on shares of Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 1st. Finally, Truist Financial increased their price objective on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $125.22.

Science Applications International Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71. The stock has a market cap of $6.36 billion, a P/E ratio of 13.19 and a beta of 0.31. The stock has a fifty day simple moving average of $132.46 and a 200-day simple moving average of $110.94.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. Science Applications International’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 EPS. Equities analysts expect that Science Applications International Corporation will post 10.77 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, October 9th. Science Applications International’s dividend payout ratio is presently 17.31%.

Insiders Place Their Bets

In other news, Director C. David Cush purchased 1,000 shares of Science Applications International stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average cost of $132.50 per share, with a total value of $132,500.00. Following the completion of the transaction, the director directly owned 1,000 shares in the company, valued at $132,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.65% of the company’s stock.

Institutional Trading of Science Applications International

Large investors have recently made changes to their positions in the company. Elevation Wealth Partners LLC boosted its position in shares of Science Applications International by 75.6% during the third quarter. Elevation Wealth Partners LLC now owns 346 shares of the company’s stock worth $44,000 after buying an additional 149 shares during the period. Root Financial Partners LLC bought a new position in shares of Science Applications International during the third quarter worth about $58,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Science Applications International in the 3rd quarter valued at approximately $77,000. Pinnacle Wealth Planning Services Inc. raised its position in Science Applications International by 2,257.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 825 shares of the company’s stock valued at $105,000 after buying an additional 790 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Science Applications International by 155.7% in the 2nd quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock valued at $94,000 after acquiring an additional 520 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.