Science Applications International Co. (NYSE:SAIC) Receives $150.43 Consensus Price Target from Analysts

Science Applications International Co. (NYSE:SAIC - Get Free Report) has received a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $150.43.

SAIC has been the subject of a number of research reports. Citigroup boosted their target price on shares of Science Applications International from $160.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Truist Financial raised their target price on Science Applications International from $125.00 to $135.00 and gave the stock a "hold" rating in a report on Friday, September 6th. Barclays boosted their price target on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a report on Monday, September 16th. JPMorgan Chase & Co. raised shares of 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 increased their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, September 6th.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after purchasing an additional 56,414 shares during the period. Bank of New York Mellon Corp lifted its holdings in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock valued at $65,511,000 after acquiring an additional 25,807 shares during the last quarter. American Century Companies Inc. grew its position in Science Applications International by 8.1% in the second quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock worth $44,524,000 after acquiring an additional 28,304 shares during the period. AQR Capital Management LLC increased its stake in Science Applications International by 9.7% during the second quarter. AQR Capital Management LLC now owns 313,802 shares of the information technology services provider's stock worth $36,887,000 after acquiring an additional 27,664 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in 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 valued at $36,070,000 after purchasing an additional 44,990 shares during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $2.04 during mid-day trading on Thursday, hitting $144.29. The stock had a trading volume of 329,213 shares, compared to its average volume of 295,030. The company has a 50 day moving average of $138.47 and a two-hundred day moving average of $129.13. Science Applications International has a twelve month low of $106.81 and a twelve month high of $148.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $7.15 billion, a PE ratio of 17.04 and a beta of 0.70.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. Science Applications International's revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts predict that Science Applications International will post 8.2 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.03%. Science Applications International's payout ratio is currently 17.33%.

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.