Science Applications International Corporation (NASDAQ:SAIC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Science Applications International Corporation (NASDAQ:SAIC) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $109.20.

SAIC has been the topic of a number of research analyst reports. Citigroup reduced their price target on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Stifel Nicolaus lowered their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. BNP Paribas Exane assumed coverage on shares of Science Applications International in a report on Wednesday. They issued a “neutral” rating and a $95.00 target price for the company. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th.

Science Applications International Stock Up 2.0%

Shares of NASDAQ:SAIC opened at $103.70 on Friday. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.49 and a beta of 0.28. Science Applications International has a 12-month low of $81.08 and a 12-month high of $121.05. The business has a 50-day moving average price of $96.28 and a 200 day moving average price of $96.65. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.83. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. Science Applications International’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.57 earnings per share. Sell-side analysts expect that Science Applications International will post 9.61 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, April 10th. Science Applications International’s payout ratio is currently 19.25%.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Science Applications International by 17.5% during the first quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock worth $36,121,000 after purchasing an additional 56,720 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Science Applications International by 134.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the company’s stock valued at $179,000 after purchasing an additional 1,081 shares during the period. California State Teachers Retirement System grew its holdings in shares of Science Applications International by 17.3% in the first quarter. California State Teachers Retirement System now owns 53,399 shares of the company’s stock valued at $5,069,000 after purchasing an additional 7,860 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Science Applications International by 12.9% in the first quarter. Royal Bank of Canada now owns 21,497 shares of the company’s stock valued at $2,040,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Science Applications International by 65.8% during the 1st quarter. Empowered Funds LLC now owns 10,540 shares of the company’s stock worth $1,000,000 after buying an additional 4,182 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.