JPMorgan Chase & Co. Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC - Free Report) had its target price decreased by JPMorgan Chase & Co. from $170.00 to $148.00 in a report issued on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider's stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup increased their price objective on shares of Science Applications International from $160.00 to $176.00 and gave the stock 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. TD Cowen lifted their price target on shares of Science Applications International from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the stock an "equal weight" rating in a report on Monday, September 16th. Finally, UBS Group assumed coverage on shares of Science Applications International in a report on Monday, December 2nd. They set a "neutral" rating and a $134.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $145.25.

Science Applications International Trading Down 2.3 %

SAIC stock traded down $2.72 during midday trading on Friday, hitting $118.06. The stock had a trading volume of 800,313 shares, compared to its average volume of 526,664. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The business has a fifty day moving average price of $138.09 and a two-hundred day moving average price of $129.43. Science Applications International has a 1-year low of $112.00 and a 1-year high of $156.34. The firm has a market cap of $5.85 billion, a P/E ratio of 19.91 and a beta of 0.64.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 EPS. On average, sell-side analysts predict that Science Applications International will post 8.57 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, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.25%. Science Applications International's payout ratio is 24.96%.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently modified their holdings of SAIC. State Street Corp raised its stake in shares of Science Applications International by 1.0% during the 3rd quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider's stock worth $219,734,000 after purchasing an additional 15,166 shares during the period. Dimensional Fund Advisors LP increased its holdings in Science Applications International by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider's stock worth $130,333,000 after buying an additional 56,414 shares during the last quarter. Geode Capital Management LLC raised its position in Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider's stock worth $137,227,000 after acquiring an additional 18,102 shares during the period. Bank of New York Mellon Corp boosted its stake in Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider's stock valued at $65,511,000 after acquiring an additional 25,807 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Science Applications International by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider's stock valued at $72,269,000 after acquiring an additional 6,780 shares during the period. Institutional investors 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.