Science Applications International Corporation (NASDAQ:SAIC) Stock Has Consensus Price Target of $125.22

Shares of Science Applications International Corporation (NASDAQ:SAIC) have earned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.22.

Several research analysts have issued reports on SAIC shares. Truist Financial increased their price objective on Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Jefferies Financial Group boosted their target price on shares of Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 27th. Weiss Ratings raised shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. Finally, The Goldman Sachs Group increased their price target on shares of Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a report on Tuesday, September 8th.

Science Applications International Stock Performance

Shares of Science Applications International stock opened at $151.86 on Monday. Science Applications International has a 52-week low of $81.08 and a 52-week high of $154.46. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71. The company’s 50-day simple moving average is $132.46 and its 200-day simple moving average is $110.94. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 17.76 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Science Applications International will post 10.77 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.0%. Science Applications International’s dividend payout ratio (DPR) is 17.31%.

Insider Transactions at Science Applications International

In related news, Director C. David Cush purchased 1,000 shares of Science Applications International stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of $132.50 per share, for a total transaction of $132,500.00. Following the transaction, the director owned 1,000 shares in the company, valued at approximately $132,500. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of Science Applications International during the 2nd quarter worth $44,044,000. Dimensional Fund Advisors LP grew its stake in Science Applications International by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after acquiring an additional 185,066 shares during the last quarter. International Assets Investment Management LLC grew its stake in Science Applications International by 4,112.1% in the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the company’s stock valued at $10,843,000 after acquiring an additional 82,982 shares during the last quarter. Fifth Third Bancorp increased its holdings in Science Applications International by 13,176.6% during the 1st quarter. Fifth Third Bancorp now owns 63,064 shares of the company’s stock valued at $5,986,000 after acquiring an additional 62,589 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Science Applications International by 17.5% during the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after acquiring an additional 56,720 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.