Science Applications International’s (SAIC) Hold Rating Reaffirmed at Wells Fargo & Co

Wells Fargo & Co reaffirmed their hold rating on shares of Science Applications International (NYSE:SAIC) in a research note published on Wednesday morning, AnalystRatings.com reports.

Several other research firms also recently issued reports on SAIC. Zacks Investment Research downgraded shares of Science Applications International from a strong-buy rating to a hold rating in a research report on Tuesday, March 19th. Vertical Research raised shares of Science Applications International from a hold rating to a buy rating and lifted their price target for the company from $83.00 to $108.00 in a research report on Friday, March 29th. Drexel Hamilton reissued a buy rating and issued a $90.00 price target on shares of Science Applications International in a research report on Thursday, January 24th. Finally, Citigroup initiated coverage on shares of Science Applications International in a research report on Tuesday, February 19th. They issued a buy rating for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Science Applications International presently has a consensus rating of Hold and a consensus price target of $88.57.

NYSE SAIC opened at $74.51 on Wednesday. Science Applications International has a 12-month low of $58.19 and a 12-month high of $93.31. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. The firm has a market capitalization of $4.42 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 2.70 and a beta of 1.56.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.28. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $1.16 EPS. Science Applications International’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Science Applications International will post 5.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, April 11th. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a yield of 1.99%. Science Applications International’s dividend payout ratio (DPR) is 29.37%.

A number of large investors have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its stake in Science Applications International by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,677 shares of the information technology services provider’s stock valued at $297,000 after acquiring an additional 208 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Science Applications International by 0.6% during the 4th quarter. Retirement Systems of Alabama now owns 55,160 shares of the information technology services provider’s stock worth $3,514,000 after purchasing an additional 308 shares during the period. Creative Planning raised its stake in shares of Science Applications International by 2.4% during the 4th quarter. Creative Planning now owns 15,177 shares of the information technology services provider’s stock worth $967,000 after purchasing an additional 357 shares during the period. Arizona State Retirement System raised its stake in shares of Science Applications International by 1.3% during the 4th quarter. Arizona State Retirement System now owns 30,535 shares of the information technology services provider’s stock worth $1,945,000 after purchasing an additional 397 shares during the period. Finally, Strs Ohio raised its stake in shares of Science Applications International by 10.8% during the 4th quarter. Strs Ohio now owns 4,100 shares of the information technology services provider’s stock worth $261,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds own 69.53% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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