Science Applications International (NYSE:SAIC) Price Target Cut to $111.00 by Analysts at UBS Group

Science Applications International (NYSE:SAIC) had its price target cut by UBS Group from $121.00 to $111.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

Other analysts also recently issued reports about the stock. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Truist Financial decreased their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a report on Tuesday, March 18th. Jefferies Financial Group upped their price objective on shares of Science Applications International from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $128.20.

Science Applications International Stock Performance

SAIC stock opened at $103.43 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 17.44 and a beta of 0.55. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34. The firm has a 50 day moving average of $116.90 and a two-hundred day moving average of $113.16.

Science Applications International (NYSE:SAIC) last posted its earnings results on Monday, June 2nd. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 earnings per share. As a group, equities analysts anticipate that Science Applications International will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, July 11th. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Milford W. Mcguirt acquired 500 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was bought at an average price of $110.58 per share, for a total transaction of $55,290.00. Following the purchase, the director now owns 6,841 shares in the company, valued at $756,477.78. This represents a 7.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carolyn B. Handlon acquired 230 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now owns 4,032 shares in the company, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 in the last ninety days. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently made changes to their positions in SAIC. Blue Trust Inc. raised its stake in shares of Science Applications International by 35.8% in the 4th quarter. Blue Trust Inc. now owns 2,082 shares of the information technology services provider’s stock valued at $233,000 after buying an additional 549 shares in the last quarter. KBC Group NV raised its stake in shares of Science Applications International by 48.0% in the 4th quarter. KBC Group NV now owns 2,182 shares of the information technology services provider’s stock valued at $244,000 after buying an additional 708 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Science Applications International by 58.7% in the 4th quarter. State of Alaska Department of Revenue now owns 33,249 shares of the information technology services provider’s stock valued at $3,716,000 after buying an additional 12,300 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Science Applications International by 6.2% in the 4th quarter. GHP Investment Advisors Inc. now owns 18,217 shares of the information technology services provider’s stock valued at $2,036,000 after buying an additional 1,059 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Science Applications International by 27.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,889 shares of the information technology services provider’s stock valued at $323,000 after buying an additional 623 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

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.