Science Applications International (NYSE:SAIC) Given New $115.00 Price Target at Truist Financial

Science Applications International (NYSE:SAIC - Free Report) had its price target cut by Truist Financial from $135.00 to $115.00 in a report released on Tuesday,Benzinga reports. They currently have a hold rating on the information technology services provider's stock.

A number of other equities analysts have also issued reports on the company. StockNews.com upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. Wells Fargo & Company increased their target price on Science Applications International from $139.00 to $148.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, UBS Group raised their price target on shares of Science Applications International from $123.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $134.00.

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Science Applications International Trading Down 0.1 %

NYSE SAIC traded down $0.08 on Tuesday, hitting $105.90. 1,180,355 shares of the stock were exchanged, compared to its average volume of 432,636. 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 has a 52-week low of $94.68 and a 52-week high of $156.34. The firm has a market capitalization of $5.18 billion, a P/E ratio of 17.86 and a beta of 0.66. The stock has a fifty day moving average price of $107.01 and a two-hundred day moving average price of $122.46.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, topping 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the business earned $1.43 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts forecast that Science Applications International will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio is currently 20.58%.

Insider Buying and Selling

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the transaction, the director now directly owns 6,864 shares of the company's stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new position in Science Applications International during the 4th quarter valued at $28,000. True Wealth Design LLC bought a new position in Science Applications International in the fourth quarter worth about $48,000. Quarry LP acquired a new position in Science Applications International during the 3rd quarter valued at approximately $71,000. Kapitalo Investimentos Ltda bought a new stake in Science Applications International in the fourth quarter valued at $58,000. Finally, Jones Financial Companies Lllp grew its holdings in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after buying an additional 156 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.