Science Applications International Co. (NYSE:SAIC) Given Average Rating of “Hold” by Brokerages

Shares of Science Applications International Co. (NYSE:SAIC) have earned a consensus recommendation of “Hold” from 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 given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $134.00.

SAIC has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating for the company in a research report on Tuesday, March 18th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group decreased their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $155.00 to $120.00 in a report on Wednesday, January 8th. Finally, Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a report on Tuesday, February 25th.

Science Applications International Trading Down 2.2 %

Shares of NYSE SAIC opened at $111.70 on Friday. The company’s 50 day simple moving average is $106.21 and its 200 day simple moving average is $120.88. 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 has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The firm has a market capitalization of $5.33 billion, a P/E ratio of 18.84 and a beta of 0.58.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm earned $1.43 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.37 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.32%. Science Applications International’s dividend payout ratio (DPR) is presently 20.58%.

Insider Transactions at Science Applications International

In related news, CEO Toni Townes-Whitley purchased 2,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This trade represents a 4.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John K. Tien, Jr. acquired 215 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the purchase, the director now owns 919 shares in the company, valued at approximately $107,063.50. This represents a 30.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,815 shares of company stock valued at $314,652 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC grew its position in shares of Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider’s stock valued at $620,000 after acquiring an additional 874 shares during the period. First Citizens Bank & Trust Co. bought a new stake in Science Applications International in the 4th quarter valued at $312,000. Pure Financial Advisors LLC lifted its holdings in Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock valued at $2,062,000 after purchasing an additional 2,946 shares during the last quarter. XTX Topco Ltd boosted its position in Science Applications International by 219.5% during the third quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after purchasing an additional 7,310 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock valued at $137,227,000 after purchasing an additional 18,102 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

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.