Science Applications International Co. (NYSE:SAIC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Science Applications International Co. (NYSE:SAIC) has been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $144.38.

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. TD Cowen upgraded shares of Science Applications International to a “strong-buy” rating in a research note on Thursday, December 19th. Truist Financial increased 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 note on Friday, September 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th.

Science Applications International Stock Performance

NYSE:SAIC opened at $111.66 on Friday. The firm’s 50-day moving average is $129.31 and its 200-day moving average is $127.89. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 18.83 and a beta of 0.65. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a 52-week low of $108.90 and a 52-week high of $156.34.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International’s dividend payout ratio is 24.96%.

Insider Activity

In related news, EVP Barbara Supplee purchased 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in Science Applications International by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,129 shares of the information technology services provider’s stock worth $485,000 after purchasing an additional 167 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Science Applications International during the second quarter worth $201,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Science Applications International during the second quarter valued at $266,000. Raymond James & Associates boosted its holdings in Science Applications International by 8.3% in the second quarter. Raymond James & Associates now owns 73,275 shares of the information technology services provider’s stock valued at $8,613,000 after acquiring an additional 5,603 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares during the period. 76.00% of the stock is owned by institutional investors.

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.