Science Applications International Co. (NYSE:SAIC) Given Consensus Rating of "Hold" by Brokerages

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) have earned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $136.11.

A number of analysts have weighed in on the company. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company dropped their price objective on Science Applications International from $149.00 to $139.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their price target for the company from $155.00 to $120.00 in a research report on Wednesday, January 8th. Finally, UBS Group started coverage on shares of Science Applications International in a report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price target on the stock.

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Insiders Place Their Bets

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company's stock, valued at approximately $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was purchased 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 of the company's stock, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company's stock.

Institutional Trading of Science Applications International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. 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 valued at $690,000 after purchasing an additional 4,939 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Science Applications International by 18.7% in the fourth quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after buying an additional 874 shares during the last quarter. Seizert Capital Partners LLC grew its holdings 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 acquiring an additional 10,326 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in Science Applications International during the fourth quarter worth about $312,000. Finally, Van ECK Associates Corp raised its position 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 acquiring an additional 44,990 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Science Applications International Stock Up 8.9 %

NYSE SAIC traded up $9.09 during trading on Wednesday, reaching $111.25. 1,886,334 shares of the company's stock traded hands, compared to its average volume of 692,576. The company's 50 day simple moving average is $108.03 and its two-hundred day simple moving average is $123.91. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International's dividend payout ratio is presently 24.96%.

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.