Science Applications International Co. (NYSE:SAIC) Receives $139.38 Average Price Target from Analysts

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) have received an average recommendation of "Hold" from the eight analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $139.38.

SAIC has been the subject of a number of research reports. UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective for the company. Citigroup raised 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. StockNews.com raised Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Barclays upped their target price on Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating for the company in a research report on Friday, December 6th.

Science Applications International Stock Performance

Shares of NYSE:SAIC traded down $1.61 on Tuesday, reaching $116.65. 464,460 shares of the company's stock were exchanged, compared to its average volume of 450,411. The company has a fifty day moving average of $121.00 and a 200-day moving average of $127.82. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 19.67 and a beta of 0.66. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a twelve month low of $108.90 and a twelve month high of $156.34.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International's payout ratio is currently 24.96%.

Insider Transactions at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now owns 6,864 shares of the company's stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Barbara Supplee acquired 425 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average price of $116.36 per share, with a total value of $49,453.00. Following the completion of the purchase, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company's stock.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently bought and sold shares of the business. American Century Companies Inc. lifted its holdings in shares of Science Applications International by 8.1% in the 2nd quarter. American Century Companies Inc. now owns 378,765 shares of the information technology services provider's stock valued at $44,524,000 after acquiring an additional 28,304 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Science Applications International by 12.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 28,223 shares of the information technology services provider's stock valued at $3,318,000 after purchasing an additional 3,048 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Science Applications International by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock valued at $130,333,000 after buying an additional 56,414 shares during the period. Luts & Greenleigh Group Inc. purchased a new position in Science Applications International during the second quarter worth $240,000. Finally, Mercer Global Advisors Inc. ADV increased its position in Science Applications International by 12.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,583 shares of the information technology services provider's stock valued at $421,000 after acquiring an additional 383 shares during the last quarter. Institutional investors 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.