Brokerages Set Science Applications International Co. (NYSE:SAIC) Target Price at $134.00

Shares of Science Applications International Co. (NYSE:SAIC - Get Free Report) have been given a consensus rating of "Hold" by the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $134.00.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. TD Cowen downgraded shares of Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price objective 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, Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a research note on Tuesday, February 25th.

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Insider Activity

In other news, CEO Toni Townes-Whitley bought 2,000 shares of the business's stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the transaction, the chief executive officer now directly owns 45,183 shares of the company's stock, valued at approximately $5,045,585.61. This trade represents a 4.63 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company's stock in a transaction 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 2,815 shares of company stock valued at $314,652. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of SAIC. Empowered Funds LLC lifted its stake in Science Applications International by 18.7% in the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock worth $620,000 after acquiring an additional 874 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in Science Applications International in the 4th quarter worth approximately $312,000. Pure Financial Advisors LLC boosted its stake in shares of Science Applications International by 19.0% during the 4th quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider's stock valued at $2,062,000 after buying an additional 2,946 shares during the period. XTX Topco Ltd boosted its stake in shares of Science Applications International by 219.5% during the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider's stock valued at $1,482,000 after buying an additional 7,310 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Science Applications International by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock valued at $137,227,000 after acquiring an additional 18,102 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Trading Up 2.1 %

Shares of NYSE:SAIC traded up $2.39 during trading on Friday, reaching $115.70. 1,470,986 shares of the stock were exchanged, compared to its average volume of 462,092. Science Applications International has a 12-month low of $94.68 and a 12-month high of $156.34. The firm's 50-day moving average price is $106.08 and its 200 day moving average price is $121.20. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 19.51 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company posted $1.43 earnings per share. The firm's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's payout ratio is 20.58%.

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.