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

Science Applications International Co. (NYSE:SAIC) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $150.43.

SAIC has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Science Applications International from $122.00 to $157.00 and gave the stock an “equal weight” rating in a report on Friday. Citigroup lifted their price target on shares of Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a report on Thursday. Truist Financial upped their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. upgraded Science Applications International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

Science Applications International Stock Up 1.5 %

SAIC opened at $144.50 on Friday. The firm has a market cap of $7.16 billion, a P/E ratio of 25.99 and a beta of 0.70. The business’s fifty day simple moving average is $132.55 and its 200 day simple moving average is $127.56. Science Applications International has a 52 week low of $105.97 and a 52 week high of $145.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Science Applications International will post 8.2 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio is presently 26.62%.

Institutional Investors Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the period. Cetera Investment Advisers boosted its stake in shares of Science Applications International by 0.5% in the second quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after purchasing an additional 87 shares during the period. Bank of Montreal Can grew its holdings in Science Applications International by 1.2% during the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock valued at $878,000 after purchasing an additional 90 shares in the last quarter. Parallel Advisors LLC increased its stake in Science Applications International by 62.9% during the 4th quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, State of Michigan Retirement System lifted its holdings in Science Applications International by 0.8% in the 1st quarter. State of Michigan Retirement System now owns 12,755 shares of the information technology services provider’s stock worth $1,663,000 after buying an additional 100 shares in the last quarter. 76.00% of the stock is currently 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.