Science Applications International Co. (NYSE:SAIC) Receives Consensus Recommendation of "Hold" from Brokerages

Science Applications International Co. (NYSE:SAIC - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $131.33.

A number of research firms have recently weighed in on SAIC. Wells Fargo & Company cut their price objective on shares of Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised their price objective on Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, March 18th. TD Cowen lowered Science Applications International from a "buy" rating to a "hold" rating and dropped their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th.

Insider Buying and Selling

In related news, Director Carolyn B. Handlon bought 230 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the completion of the transaction, the director now directly owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This represents a 6.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Garth Graham bought 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average price of $116.75 per share, for a total transaction of $25,101.25. Following the completion of the acquisition, the director now owns 7,159 shares in the company, valued at approximately $835,813.25. This trade represents a 3.10 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 3,260 shares of company stock valued at $365,037. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Science Applications International

Hedge funds have recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new position in Science Applications International in the fourth quarter valued at about $28,000. Parallel Advisors LLC boosted its stake in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after buying an additional 148 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Science Applications International during the fourth quarter worth approximately $48,000. Fifth Third Bancorp increased its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in Science Applications International in the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Trading Up 0.9 %

Shares of Science Applications International stock opened at $119.83 on Thursday. Science Applications International has a 1 year low of $94.68 and a 1 year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a 50 day moving average price of $108.84 and a 200 day moving average price of $118.65. The company has a market capitalization of $5.72 billion, a P/E ratio of 20.21 and a beta of 0.58.

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

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio is currently 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.

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