Science Applications International (NYSE:SAIC) Price Target Increased to $150.00 by Analysts at JPMorgan Chase & Co.

Science Applications International (NYSE:SAIC) had its price objective upped by JPMorgan Chase & Co. from $132.00 to $150.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the information technology services provider’s stock.

Several other equities analysts also recently commented on SAIC. Citigroup increased their target price on Science Applications International from $155.00 to $160.00 and gave the company a buy rating in a research report on Friday. Truist Financial upped their price objective 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. TD Cowen boosted their target price on shares of Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a report on Friday. Finally, StockNews.com lowered Science Applications International from a buy rating to a hold rating in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $138.29.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $134.58 on Friday. The firm has a 50 day moving average of $123.41 and a 200-day moving average of $127.21. The stock has a market capitalization of $6.89 billion, a PE ratio of 15.76 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (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 return on equity of 22.88% and a net margin of 3.97%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. On average, equities research analysts predict that Science Applications International will post 8.07 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.37 per share. 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 dividend payout ratio (DPR) is currently 17.33%.

Insider Buying and Selling at Science Applications International

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

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC purchased a new position in Science Applications International in the second quarter valued at approximately $27,000. Parallel Advisors LLC raised its stake in shares of Science Applications International by 62.9% in the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 100 shares during the period. Fifth Third Bancorp lifted its position in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after buying an additional 84 shares during the last quarter. CWM LLC grew its stake in shares of Science Applications International by 56.8% during the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC grew its stake in shares of Science Applications International by 150.3% during the 1st quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 284 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.