Science Applications International Corporation (NASDAQ:SAIC) Receives Consensus Rating of “Hold” from Brokerages

Science Applications International Corporation (NASDAQ:SAIC) has received an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $116.4444.

SAIC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. The Goldman Sachs Group decreased their target price on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research report on Thursday, February 12th. UBS Group boosted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Zacks Research lowered Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research note on Monday, December 29th.

Science Applications International Trading Up 0.4%

Science Applications International stock opened at $91.91 on Friday. Science Applications International has a 12-month low of $81.08 and a 12-month high of $124.11. The stock has a market capitalization of $4.15 billion, a PE ratio of 11.75 and a beta of 0.31. The firm has a 50 day simple moving average of $98.45 and a 200-day simple moving average of $98.39. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.20 and a quick ratio of 1.20.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is 18.93%.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average price of $100.17 per share, with a total value of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Science Applications International by 22.2% in the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after buying an additional 26,633 shares during the period. Empowered Funds LLC raised its stake in Science Applications International by 93.2% during the first quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after acquiring an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Science Applications International by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock valued at $16,863,000 after purchasing an additional 7,816 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the company’s stock worth $28,000 after purchasing an additional 188 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Company Profile

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.