Science Applications International Co. (NYSE:SAIC) Receives Average Rating of “Hold” from Brokerages

Science Applications International Co. (NYSE:SAIC) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $149.00.

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Truist Financial raised their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Wells Fargo & Company raised shares of Science Applications International from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $157.00 to $147.00 in a report on Tuesday. StockNews.com cut Science Applications International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Finally, Barclays upped their price objective on Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th.

Science Applications International Trading Up 0.8 %

Shares of SAIC stock opened at $124.25 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 22.35 and a beta of 0.70. Science Applications International has a 1 year low of $112.00 and a 1 year high of $156.34. The firm has a fifty day moving average price of $139.60 and a 200-day moving average price of $129.98.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. Science Applications International’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts predict that Science Applications International will post 8.21 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.19%. Science Applications International’s dividend payout ratio is currently 26.62%.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its holdings in shares of Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 4,939 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Science Applications International by 21.9% in the 3rd quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after buying an additional 44,990 shares during the last quarter. Apella Capital LLC purchased a new stake in shares of Science Applications International during the 2nd quarter valued at about $820,000. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of Science Applications International by 59.7% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after acquiring an additional 4,796 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.