Science Applications International (NASDAQ:SAIC) Price Target Raised to $123.00

Science Applications International (NASDAQ:SAIC) had its price target increased by UBS Group from $108.00 to $123.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also issued reports about the company. Citigroup raised their price objective on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus boosted their target price on Science Applications International from $137.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a report on Monday. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Finally, Jefferies Financial Group lifted their price target on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $124.44.

Science Applications International Stock Down 0.5%

SAIC stock opened at $126.50 on Tuesday. The firm has a market cap of $5.30 billion, a PE ratio of 14.80 and a beta of 0.30. Science Applications International has a 12 month low of $81.08 and a 12 month high of $142.66. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $119.78 and a 200 day simple moving average of $105.67.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.63 earnings per share. Equities research analysts forecast that Science Applications International will post 10.73 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in shares of Science Applications International by 10,238.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock valued at $609,531,000 after buying an additional 5,467,211 shares during the period. Vanguard Group Inc. raised its holdings in shares of Science Applications International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after acquiring an additional 15,272 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after purchasing an additional 441,296 shares during the last quarter. First Trust Advisors LP boosted its position in Science Applications International by 25.9% during the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after purchasing an additional 393,344 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Science Applications International by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after purchasing an additional 185,066 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

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.