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

Science Applications International Co. (NYSE:SAIC) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $149.00.

A number of equities research analysts have weighed in on SAIC shares. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Wells Fargo & Company raised Science Applications International from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $157.00 to $147.00 in a research report on Tuesday. TD Cowen lifted their price objective on Science Applications International from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. raised Science Applications International from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Finally, StockNews.com lowered Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Science Applications International Trading Up 0.8 %

SAIC opened at $124.25 on Monday. 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 has a 52 week low of $112.00 and a 52 week high of $156.34. The stock has a market cap of $6.15 billion, a PE ratio of 22.35 and a beta of 0.70. The business has a 50 day moving average of $139.60 and a 200-day moving average of $129.98.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 earnings per share. Equities research analysts predict that Science Applications International will post 8.21 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is 26.62%.

Institutional Trading of Science Applications International

A number of institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after purchasing an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in shares of Science Applications International by 36.3% in the 3rd quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after buying an additional 10,326 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after acquiring an additional 44,990 shares during the period. Apella Capital LLC purchased a new stake in Science Applications International during the second quarter valued at $820,000. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in Science Applications International by 59.7% in the third quarter. Cassaday & Co Wealth Management LLC now owns 12,834 shares of the information technology services provider’s stock valued at $1,787,000 after acquiring an additional 4,796 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.