Science Applications International Co. (NYSE:SAIC) Given Average Rating of “Reduce” by Brokerages

Shares of Science Applications International Co. (NYSE:SAICGet Free Report) have been assigned a consensus recommendation of “Reduce” from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $127.60.

SAIC has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. cut their price target on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, March 19th. StockNews.com upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. Wells Fargo & Company upped their target price on Science Applications International from $141.00 to $143.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 19th. Finally, Truist Financial reissued a “hold” rating and issued a $130.00 price target on shares of Science Applications International in a research note on Friday, April 12th.

Get Our Latest Research Report on Science Applications International

Science Applications International Stock Performance

NYSE SAIC opened at $134.65 on Monday. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 15.21 and a beta of 0.70. The business’s 50 day moving average is $130.91 and its two-hundred day moving average is $129.75. Science Applications International has a 12-month low of $96.78 and a 12-month high of $145.17. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAICGet Free Report) last issued its earnings results on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Science Applications International’s revenue for the quarter was down 11.7% on a year-over-year basis. Research analysts expect that Science Applications International will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.10%. Science Applications International’s dividend payout ratio is presently 16.72%.

Insider Transactions at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo acquired 795 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the transaction, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Toni Townes-Whitley acquired 3,000 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were bought at an average price of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average price of $126.04 per share, with a total value of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Science Applications International during the fourth quarter valued at approximately $75,040,000. FMR LLC raised its position in shares of Science Applications International by 13.2% during the 3rd quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider’s stock valued at $297,969,000 after acquiring an additional 328,426 shares in the last quarter. First Trust Advisors LP lifted its stake in Science Applications International by 14.8% during the fourth quarter. First Trust Advisors LP now owns 1,810,505 shares of the information technology services provider’s stock worth $225,082,000 after purchasing an additional 233,075 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Science Applications International by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,062,059 shares of the information technology services provider’s stock worth $504,995,000 after purchasing an additional 194,160 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Science Applications International by 3,071.0% during the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider’s stock valued at $14,163,000 after purchasing an additional 129,963 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Company Profile

(Get Free Report

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.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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