Science Applications International (NYSE:SAIC) PT Raised to $157.00 at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its price objective boosted by Wells Fargo & Company from $122.00 to $157.00 in a research note issued to investors on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the information technology services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. StockNews.com upgraded Science Applications International from a hold rating to a buy rating in a research report on Friday, September 6th. Citigroup boosted their target price on Science Applications International from $160.00 to $176.00 and gave the stock a buy rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upgraded Science Applications International from a neutral rating to an overweight rating and boosted their target price for the stock from $150.00 to $170.00 in a research report on Wednesday, October 2nd. Truist Financial boosted their target price on Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a research report on Friday, September 6th. Finally, Barclays boosted their target price on Science Applications International from $135.00 to $150.00 and gave the stock an equal weight rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $150.43.

Science Applications International Trading Up 1.1 %

Shares of SAIC opened at $146.08 on Friday. The stock has a fifty day moving average price of $133.07 and a two-hundred day moving average price of $127.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Science Applications International has a 52-week low of $105.97 and a 52-week high of $146.42. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 26.27 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued 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 return on equity of 22.88% and a net margin of 3.97%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company posted $2.05 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Science Applications International will post 8.2 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.01%. Science Applications International’s dividend payout ratio (DPR) is presently 26.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. Larson Financial Group LLC acquired a new position in Science Applications International in the second quarter valued at about $27,000. UMB Bank n.a. grew its stake in Science Applications International by 438.5% in the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC grew its stake in Science Applications International by 236.0% in the third quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after acquiring an additional 203 shares during the period. Fifth Third Bancorp grew its stake in Science Applications International by 30.4% in the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock valued at $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC grew its stake in Science Applications International by 56.8% in the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

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.