JPMorgan Chase & Co. Lowers Science Applications International (NYSE:SAIC) Price Target to $140.00

Science Applications International (NYSE:SAIC - Free Report) had its price target decreased by JPMorgan Chase & Co. from $148.00 to $140.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the information technology services provider's stock.

A number of other equities research analysts have also issued reports on the stock. Cantor Fitzgerald upgraded shares of Science Applications International to a "hold" rating in a report on Tuesday, February 25th. UBS Group raised their target price on shares of Science Applications International from $123.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, March 18th. StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Wednesday, December 18th. Truist Financial dropped their price objective on shares of Science Applications International from $135.00 to $115.00 and set a "hold" rating on the stock in a research report on Tuesday, March 18th. Finally, TD Cowen cut shares of Science Applications International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $131.33.

Science Applications International Price Performance

Shares of NYSE SAIC traded up $0.36 during mid-day trading on Tuesday, reaching $116.71. The company's stock had a trading volume of 379,888 shares, compared to its average volume of 487,129. 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 quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $5.57 billion, a P/E ratio of 19.68 and a beta of 0.58. The stock has a 50-day moving average of $107.61 and a two-hundred day moving average of $119.36.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its earnings results on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. Science Applications International's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.43 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Friday, April 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, April 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Insiders Place Their Bets

In other Science Applications International news, Director Carolyn B. Handlon purchased 230 shares of Science Applications International stock in a transaction on Monday, April 7th. The shares were bought at an average price of $109.93 per share, with a total value of $25,283.90. Following the purchase, the director now directly owns 4,032 shares in the company, valued at $443,237.76. This trade represents a 6.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Garth Graham bought 215 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was acquired at an average price of $116.75 per share, with a total value of $25,101.25. Following the completion of the purchase, the director now directly owns 7,159 shares of the company's stock, valued at approximately $835,813.25. The trade was a 3.10 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,260 shares of company stock worth $365,037. Insiders own 0.67% of the company's stock.

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its stake in Science Applications International by 18.7% during the 4th quarter. Empowered Funds LLC now owns 5,549 shares of the information technology services provider's stock valued at $620,000 after purchasing an additional 874 shares during the period. First Citizens Bank & Trust Co. bought a new position in shares of Science Applications International during the 4th quarter valued at about $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 worth $2,062,000 after acquiring an additional 2,946 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Science Applications International by 1.9% in the 3rd 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 last quarter. Finally, Truist Financial Corp raised its position in shares of Science Applications International by 6.4% during the fourth quarter. Truist Financial Corp now owns 3,850 shares of the information technology services provider's stock worth $430,000 after purchasing an additional 233 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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.