Science Applications International (NYSE:SAIC) Price Target Lowered to $100.00 at Truist Financial

Science Applications International (NYSE:SAIC) had its target price trimmed by Truist Financial from $115.00 to $100.00 in a report released on Tuesday morning,Benzinga reports. They currently have a hold rating on the information technology services provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their target price on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a research report on Tuesday. Cantor Fitzgerald raised shares of Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group boosted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Thursday, May 15th. One equities research 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 stock. According to data from MarketBeat.com, Science Applications International presently has a consensus rating of “Hold” and a consensus price target of $128.20.

Science Applications International Price Performance

NYSE:SAIC opened at $103.43 on Tuesday. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The company has a market cap of $4.94 billion, a P/E ratio of 17.44 and a beta of 0.55. The firm’s fifty day moving average price is $116.90 and its two-hundred day moving average price is $113.16. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data 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 net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.92 earnings per share. Equities analysts expect that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.43%. Science Applications International’s dividend payout ratio is 20.58%.

Insider Buying and Selling

In other Science Applications International news, CEO Toni Townes-Whitley bought 2,000 shares of the stock in a transaction on Friday, March 28th. The stock was purchased at an average price of $111.67 per share, with a total value of $223,340.00. Following the completion of the purchase, the chief executive officer now owns 45,183 shares in the company, valued at $5,045,585.61. The trade was a 4.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John K. Tien, Jr. bought 215 shares of the stock in a transaction on Wednesday, April 2nd. The shares were acquired at an average cost of $116.50 per share, with a total value of $25,047.50. Following the purchase, the director now owns 919 shares of the company’s stock, valued at approximately $107,063.50. This represents a 30.54% increase in their position. The disclosure for this purchase can be found here. Insiders bought 3,260 shares of company stock valued at $365,037 over the last quarter. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its stake in Science Applications International by 18.7% during the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock worth $620,000 after acquiring an additional 874 shares in the last quarter. Truist Financial Corp increased its stake in shares of Science Applications International by 6.4% in the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider’s stock valued at $430,000 after buying an additional 233 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $1,414,000. Savant Capital LLC increased its stake in shares of Science Applications International by 308.0% in the fourth quarter. Savant Capital LLC now owns 9,457 shares of the information technology services provider’s stock valued at $1,057,000 after buying an additional 7,139 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Science Applications International by 30.4% in the fourth quarter. Van ECK Associates Corp now owns 326,793 shares of the information technology services provider’s stock valued at $36,529,000 after buying an additional 76,204 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

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.