Science Applications International (NASDAQ:SAIC) Reaches New 12-Month High – Still a Buy?

Science Applications International Corporation (NASDAQ:SAIC) shares reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $153.00 and last traded at $150.52, with a volume of 21,382 shares changing hands. The stock had previously closed at $148.93.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group upped their price objective on Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group lifted their target price on Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research report on Tuesday, September 8th. 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. Stifel Nicolaus upped their price target on shares of Science Applications International from $137.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Finally, Truist Financial raised their price target on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $125.22.

Science Applications International Stock Down 0.2%

The company’s 50 day moving average price is $131.51 and its two-hundred day moving average price is $110.57. 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 stock has a market cap of $6.23 billion, a P/E ratio of 17.38 and a beta of 0.31.

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

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, October 9th were given a dividend of $0.37 per share. 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 payout ratio is 17.31%.

Insider Buying and Selling at Science Applications International

In other news, Director C. David Cush purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of $132.50 per share, with a total value of $132,500.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at $132,500. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Science Applications International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Science Applications International during the third quarter valued at approximately $77,000. ProShare Advisors LLC purchased a new position in Science Applications International in the third quarter worth $205,000. Vise Technologies Inc. increased its position in shares of Science Applications International by 8.3% during the third quarter. Vise Technologies Inc. now owns 5,790 shares of the company’s stock worth $739,000 after purchasing an additional 444 shares in the last quarter. State of Wyoming increased its position in shares of Science Applications International by 12.9% during the third quarter. State of Wyoming now owns 7,105 shares of the company’s stock worth $906,000 after purchasing an additional 813 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in shares of Science Applications International by 4,112.1% during the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the company’s stock valued at $10,843,000 after purchasing an additional 82,982 shares during the last quarter. 76.00% of the stock is currently owned by 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.