Science Applications International (NYSE:SAIC) Price Target Raised to $148.00

by · The Cerbat Gem

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,Benzinga reports. The firm currently has an overweight rating on the information technology services provider’s stock.

A number of other analysts have also weighed in on the company. The Goldman Sachs Group lowered their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Cantor Fitzgerald upgraded Science Applications International to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. decreased their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given 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 price target of $134.00.

View Our Latest Research Report on Science Applications International

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $105.98 on Tuesday. The business has a fifty day simple moving average of $107.21 and a 200 day simple moving average of $122.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 17.87 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.

Science Applications International (NYSE:SAIC – Get Free Report) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share (EPS) 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 firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

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

Insider Activity at Science Applications International

In other news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares in the company, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is owned by insiders.

Institutional Trading of Science Applications International

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Science Applications International by 18.7% in 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. acquired a new stake in shares of Science Applications International during the 4th quarter worth $312,000. Pure Financial Advisors LLC grew its holdings 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 purchasing an additional 2,946 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Science Applications International by 219.5% during the 3rd quarter. XTX Topco Ltd now owns 10,641 shares of the information technology services provider’s stock worth $1,482,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Science Applications International by 1.9% during 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 purchasing an additional 18,102 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

(Get Free Report)

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.

Featured Stories