Science Applications International (NYSE:SAIC) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Science Applications International (NYSE:SAIC) from a hold rating to a buy rating in a report released on Friday.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price objective on Science Applications International from $132.00 to $150.00 and gave the stock a neutral rating in a research report on Friday. Citigroup boosted their price target on Science Applications International from $155.00 to $160.00 and gave the stock a buy rating in a report on Friday. TD Cowen increased their price objective on Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a research note on Friday. Finally, Truist Financial boosted their target price on shares of Science Applications International from $125.00 to $135.00 and gave the company a hold rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $138.29.

Science Applications International Stock Up 1.1 %

Science Applications International stock opened at $134.58 on Friday. Science Applications International has a fifty-two week low of $104.26 and a fifty-two week high of $145.17. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 15.76 and a beta of 0.70. The stock’s fifty day moving average is $123.41 and its two-hundred day moving average is $127.21. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.05 EPS. Analysts predict that Science Applications International will post 8.07 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.37 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.10%. Science Applications International’s payout ratio is currently 17.33%.

Insider Buying and Selling

In related news, EVP Michelle A. O’hara acquired 1,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were acquired at an average cost of $118.00 per share, for a total transaction of $118,000.00. Following the acquisition, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP James Joshua Jackson purchased 400 shares of the stock in a transaction on Wednesday, July 10th. The stock was purchased at an average price of $114.28 per share, with a total value of $45,712.00. Following the completion of the transaction, the executive vice president now owns 13,677 shares in the company, valued at $1,563,007.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michelle A. O’hara purchased 1,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, with a total value of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,715 shares of company stock worth $200,507. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

A number of institutional investors have recently modified their holdings of SAIC. Sanctuary Advisors LLC purchased a new position in shares of Science Applications International in the 2nd quarter valued at $2,963,000. Dana Investment Advisors Inc. increased its holdings in Science Applications International by 6.3% in the 2nd quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock valued at $3,741,000 after purchasing an additional 1,879 shares in the last quarter. Aristides Capital LLC purchased a new position in Science Applications International in the second quarter valued at about $231,000. Cetera Investment Advisers lifted its stake in shares of Science Applications International by 0.5% during the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after purchasing an additional 87 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Science Applications International by 26.7% in the second quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock worth $358,000 after buying an additional 642 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.