Analysts Set Science Applications International Co. (NYSE:SAIC) Price Target at $144.38

Shares of Science Applications International Co. (NYSE:SAIC) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $144.38.

Several research firms have recently weighed in on SAIC. Wells Fargo & Company raised their price objective on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Citigroup increased their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group cut their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Finally, Truist Financial boosted their price target on shares of Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th.

Science Applications International Stock Up 0.4 %

SAIC stock opened at $111.66 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $5.46 billion, a PE ratio of 18.83 and a beta of 0.65. Science Applications International has a 12 month low of $108.90 and a 12 month high of $156.34. The firm has a 50 day simple moving average of $129.31 and a 200 day simple moving average of $127.89.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th 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 1.33%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

Insider Activity

In other Science Applications International news, EVP Barbara Supplee acquired 425 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the transaction, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its holdings in shares of Science Applications International by 30,868.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after acquiring an additional 4,939 shares during the last quarter. Seizert Capital Partners LLC boosted its position in Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after purchasing an additional 10,326 shares during the period. Van ECK Associates Corp grew its holdings in Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after purchasing an additional 44,990 shares during the last quarter. Cassaday & Co Wealth Management LLC raised its position in shares of 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 purchasing an additional 4,796 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Science Applications International by 36,732.4% in the third quarter. International Assets Investment Management LLC now owns 245,672 shares of the information technology services provider’s stock worth $34,215,000 after buying an additional 245,005 shares during the last quarter. Institutional investors and hedge funds own 76.00% 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. 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.