Science Applications International Co. (NYSE:SAIC) Receives Consensus Rating of “Hold” from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $137.22.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 price objective for the company. The Goldman Sachs Group dropped their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Cantor Fitzgerald began coverage on Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price target for the company. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling

In other Science Applications International news, EVP Barbara Supplee purchased 425 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the acquisition, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This represents a 13.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

Hedge Funds Weigh In On Science Applications International

Several large investors have recently bought and sold shares of SAIC. Norges Bank bought a new position in shares of Science Applications International during the 4th quarter worth about $63,572,000. Fuller & Thaler Asset Management Inc. grew its position 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 buying an additional 464,989 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Science Applications International during the fourth quarter valued at about $34,909,000. International Assets Investment Management LLC raised its holdings in Science Applications International by 36,732.4% in the 3rd quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock valued at $34,215,000 after acquiring an additional 245,005 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Science Applications International by 68.4% in the 4th quarter. AQR Capital Management LLC now owns 443,246 shares of the information technology services provider’s stock worth $49,413,000 after acquiring an additional 179,963 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

Shares of SAIC opened at $100.93 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 17.02 and a beta of 0.66. The business’s 50-day moving average is $111.77 and its 200-day moving average is $126.31. Science Applications International has a fifty-two week low of $99.32 and a fifty-two week high of $156.34.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

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.