Science Applications International (NASDAQ:SAIC) Price Target Cut to $110.00 by Analysts at JPMorgan Chase & Co.

Science Applications International (NASDAQ:SAIC) had its target price reduced by JPMorgan Chase & Co. from $125.00 to $110.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Citigroup lowered their target price on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Truist Financial lowered their target price on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. Finally, Wall Street Zen lowered Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus price target of $110.78.

Science Applications International Trading Up 3.6%

Shares of SAIC stock opened at $95.01 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The business has a 50-day moving average price of $93.69 and a two-hundred day moving average price of $96.83. Science Applications International has a 12-month low of $81.08 and a 12-month high of $124.11. The firm has a market cap of $4.13 billion, a P/E ratio of 12.36 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the company posted $2.57 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. Science Applications International’s dividend payout ratio is 19.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management lifted its position in Science Applications International by 20.2% in the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock valued at $155,518,000 after acquiring an additional 263,006 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in Science Applications International by 229.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the company’s stock valued at $6,901,000 after acquiring an additional 48,359 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Science Applications International by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock valued at $17,485,000 after acquiring an additional 53,684 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Science Applications International by 13.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the company’s stock valued at $18,229,000 after acquiring an additional 21,124 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Science Applications International by 3.7% in the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock valued at $150,947,000 after acquiring an additional 53,895 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.