Science Applications International (NYSE:SAIC) Given New $148.00 Price Target at Wells Fargo & Company

Science Applications International (NYSE:SAIC - Free Report) had its price objective increased by Wells Fargo & Company from $139.00 to $148.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the information technology services provider's stock.

SAIC has been the subject of a number of other reports. TD Cowen lowered shares of Science Applications International from a "buy" rating to a "hold" rating and reduced their target price for the company from $155.00 to $120.00 in a research note on Wednesday, January 8th. UBS Group assumed coverage on Science Applications International in a report on Monday, December 2nd. They issued a "neutral" rating and a $134.00 price objective for the company. Cantor Fitzgerald raised Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group cut their price objective on shares of Science Applications International from $124.00 to $103.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Science Applications International has an average rating of "Hold" and an average target price of $134.00.

Remove Ads

Science Applications International Stock Performance

Shares of NYSE SAIC traded down $0.08 during trading on Tuesday, reaching $105.90. The stock had a trading volume of 1,180,355 shares, compared to its average volume of 432,055. 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 cap of $5.18 billion, a PE ratio of 17.86 and a beta of 0.66. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The firm's 50 day moving average price is $107.01 and its two-hundred day moving average price is $122.50.

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

Science Applications International Announces Dividend

The business also recently announced 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 payout ratio is 20.58%.

Insider Transactions at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction on Monday, January 13th. The stock was 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 in the company, valued at $807,892.80. This represents a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cornerstone Planning Group LLC purchased a new position in Science Applications International during the 4th quarter valued at about $28,000. True Wealth Design LLC acquired a new position in Science Applications International in the 4th quarter valued at approximately $48,000. Kapitalo Investimentos Ltda purchased a new stake in Science Applications International in the 4th quarter worth approximately $58,000. Quarry LP acquired a new position in shares of Science Applications International in the third quarter worth $71,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Science Applications International by 32.3% in the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider's stock worth $71,000 after acquiring an additional 156 shares during 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.