Brokerages Set Science Applications International Co. (NYSE:SAIC) Target Price at $127.60

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned a consensus recommendation of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $127.60.

A number of brokerages have recently commented on SAIC. StockNews.com lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Wells Fargo & Company boosted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating on the stock in a report on Tuesday, March 19th. Finally, Truist Financial reaffirmed a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research report on Friday, April 12th.

Insider Activity at Science Applications International

In other Science Applications International news, EVP Vincent P. Difronzo purchased 795 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the purchase, the executive vice president now owns 8,772 shares of the company’s stock, valued at approximately $1,105,622.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Toni Townes-Whitley acquired 3,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $125.96 per share, for a total transaction of $377,880.00. Following the completion of the transaction, the chief executive officer now owns 46,795 shares of the company’s stock, valued at $5,894,298.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vincent P. Difronzo bought 795 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was acquired at an average price of $126.04 per share, for a total transaction of $100,201.80. Following the completion of the purchase, the executive vice president now directly owns 8,772 shares in the company, valued at $1,105,622.88. The disclosure for this purchase can be found here. 1.29% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. purchased a new stake in Science Applications International during the first quarter valued at $978,000. Natixis Advisors L.P. boosted its stake in Science Applications International by 14.0% during the first quarter. Natixis Advisors L.P. now owns 11,670 shares of the information technology services provider’s stock valued at $1,076,000 after buying an additional 1,432 shares during the last quarter. Bank of Montreal Can increased its position in Science Applications International by 19.5% in the first quarter. Bank of Montreal Can now owns 11,432 shares of the information technology services provider’s stock worth $1,073,000 after purchasing an additional 1,862 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Science Applications International during the 1st quarter valued at about $578,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of Science Applications International by 32.0% in the 1st quarter. MetLife Investment Management LLC now owns 36,823 shares of the information technology services provider’s stock worth $3,394,000 after purchasing an additional 8,926 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC stock opened at $124.04 on Friday. The business has a 50 day moving average of $133.43 and a two-hundred day moving average of $124.61. Science Applications International has a 52 week low of $95.43 and a 52 week high of $145.17. The company has a market cap of $6.41 billion, a P/E ratio of 14.02 and a beta of 0.70. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted $2.04 EPS. Science Applications International’s revenue was down 11.7% on a year-over-year basis. As a group, analysts anticipate that Science Applications International will post 8.11 EPS for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, April 11th. Science Applications International’s payout ratio is presently 16.72%.

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.