Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $124.73

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $124.73.

SAIC has been the topic of several research reports. Truist Financial decreased their price objective on shares of Science Applications International from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Tuesday, June 3rd. Barclays decreased their price objective on shares of Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a report on Monday, June 9th. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. 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. Finally, 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, June 3rd.

Science Applications International Price Performance

NYSE:SAIC opened at $113.76 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 $5.33 billion, a P/E ratio of 19.18 and a beta of 0.49. The firm’s fifty day moving average price is $112.98 and its two-hundred day moving average price is $111.42. 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%. During the same quarter last year, the company earned $1.92 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Equities analysts expect that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

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 is Friday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.30%. Science Applications International’s dividend payout ratio is 20.76%.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently bought and sold shares of SAIC. Norges Bank bought a new stake in Science Applications International during the fourth quarter worth about $63,572,000. AQR Capital Management LLC raised its stake in Science Applications International by 115.8% during the first quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock worth $107,379,000 after acquiring an additional 513,192 shares in the last quarter. Invesco Ltd. raised its stake in Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock worth $98,191,000 after acquiring an additional 485,496 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Science Applications International by 27.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,186,547 shares of the information technology services provider’s stock worth $244,412,000 after acquiring an additional 464,989 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Science Applications International during the fourth quarter worth about $34,909,000. Institutional investors 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.