Science Applications International Co. (NYSE:SAIC) Given Consensus Rating of “Hold” by Analysts

Science Applications International Co. (NYSE:SAICGet Rating) has earned an average rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $92.86.

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Science Applications International from $90.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 24th. Barclays raised Science Applications International from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $105.00 to $90.00 in a research note on Monday, January 24th. Stifel Nicolaus started coverage on Science Applications International in a research note on Thursday, March 17th. They issued a “hold” rating for the company. Truist Financial downgraded Science Applications International from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Friday, April 1st. Finally, StockNews.com started coverage on Science Applications International in a research note on Thursday, March 31st. They issued a “buy” rating for the company.

Shares of SAIC stock opened at $80.48 on Friday. The stock’s fifty day simple moving average is $88.05 and its 200 day simple moving average is $86.36. Science Applications International has a twelve month low of $78.10 and a twelve month high of $96.50. The firm has a market capitalization of $4.51 billion, a P/E ratio of 16.87 and a beta of 0.80. The company has a quick ratio of 0.89, a current ratio of 0.93 and a debt-to-equity ratio of 1.45.

Science Applications International (NYSE:SAICGet Rating) last posted its quarterly earnings results on Monday, March 28th. The information technology services provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Science Applications International had a return on equity of 25.99% and a net margin of 3.75%. The business had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Science Applications International will post 7.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Thursday, April 14th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.84%. The ex-dividend date was Wednesday, April 13th. Science Applications International’s dividend payout ratio is presently 31.03%.

In other news, EVP Steven G. Mahon sold 4,132 shares of Science Applications International stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $91.03, for a total value of $376,135.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy J. Mayopoulos sold 3,500 shares of Science Applications International stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $92.94, for a total value of $325,290.00. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its position in shares of Science Applications International by 1.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 7,085 shares of the information technology services provider’s stock worth $592,000 after purchasing an additional 126 shares in the last quarter. CIBC Asset Management Inc lifted its position in Science Applications International by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 2,524 shares of the information technology services provider’s stock valued at $211,000 after acquiring an additional 128 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Science Applications International by 3.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,686 shares of the information technology services provider’s stock valued at $308,000 after acquiring an additional 139 shares in the last quarter. HighTower Advisors LLC lifted its position in Science Applications International by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 31,874 shares of the information technology services provider’s stock valued at $2,665,000 after acquiring an additional 139 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Science Applications International by 2.4% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,942 shares of the information technology services provider’s stock valued at $640,000 after acquiring an additional 162 shares in the last quarter. 78.35% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile (Get Rating)

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; 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 cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions.

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