Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $150.43

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

Several research analysts have recently issued reports on SAIC shares. Barclays upped their price objective on Science Applications International from $135.00 to $150.00 and gave the company an "equal weight" rating in a research note on Monday, September 16th. 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. StockNews.com lowered Science Applications International from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Science Applications International from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $150.00 to $170.00 in a report on Wednesday, October 2nd. Finally, 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 research note on Friday, September 6th.

Science Applications International Price Performance

Shares of SAIC stock traded down $1.60 during mid-day trading on Monday, reaching $122.60. The company's stock had a trading volume of 258,487 shares, compared to its average volume of 312,657. The company has a market cap of $6.07 billion, a P/E ratio of 16.19 and a beta of 0.70. 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's 50-day moving average is $140.79 and its two-hundred day moving average is $130.32. Science Applications International has a 1-year low of $112.00 and a 1-year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. 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 previous year, the firm posted $2.05 earnings per share. The business's revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Science Applications International will post 8.2 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.21%. Science Applications International's payout ratio is presently 26.62%.

Hedge Funds Weigh In On Science Applications International

Large investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its position in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider's stock worth $29,000 after buying an additional 171 shares during the period. Larson Financial Group LLC purchased a new position in shares of Science Applications International during the second quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider's stock valued at $40,000 after purchasing an additional 203 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Science Applications International by 30.4% during the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider's stock valued at $42,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC raised its holdings in Science Applications International by 56.8% in the 2nd quarter. CWM LLC now owns 406 shares of the information technology services provider's stock valued at $48,000 after acquiring an additional 147 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.