Science Applications International (NASDAQ:SAIC) Cut to “Hold” at Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen lowered shares of Science Applications International (NASDAQ:SAIC – Free Report) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.
Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Stifel Nicolaus dropped their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Citigroup dropped their price objective on shares of Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Truist Financial dropped their price objective on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $110.78.
View Our Latest Stock Report on Science Applications International
Science Applications International Price Performance
Shares of SAIC stock opened at $94.48 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $4.10 billion, a P/E ratio of 12.29 and a beta of 0.30. The company’s 50-day simple moving average is $93.64 and its two-hundred day simple moving average is $96.81. Science Applications International has a one year low of $81.08 and a one year high of $124.11.
Science Applications International (NASDAQ:SAIC – Get Free Report) last issued its earnings results on Monday, March 16th. The company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the firm earned $2.57 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year.
Science Applications International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 10th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, April 10th. Science Applications International’s dividend payout ratio (DPR) is 19.25%.
Institutional Investors Weigh In On Science Applications International
Several institutional investors have recently bought and sold shares of SAIC. Los Angeles Capital Management LLC acquired a new stake in Science Applications International in the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC boosted its stake in Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Quent Capital LLC acquired a new stake in Science Applications International in the third quarter valued at approximately $29,000. Wexford Capital LP acquired a new stake in Science Applications International in the third quarter valued at approximately $29,000. Finally, Rakuten Securities Inc. boosted its stake in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.
About Science Applications International
Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.
Founded in 1969 by J.