Science Applications International Corp (NYSE:SAIC) Given Average Rating of “Buy” by Analysts

Shares of Science Applications International Corp (NYSE:SAIC) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $96.00.

SAIC has been the topic of a number of recent analyst reports. SunTrust Banks lifted their price objective on Science Applications International from $100.00 to $130.00 and gave the stock an “average” rating in a research note on Friday, June 7th. They noted that the move was a valuation call. TheStreet upgraded Science Applications International from a “c+” rating to a “b+” rating in a research note on Thursday, June 6th. Zacks Investment Research upgraded Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, May 17th. Citigroup initiated coverage on Science Applications International in a research note on Tuesday, February 19th. They issued a “buy” rating on the stock. Finally, Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $108.00 in a research note on Friday, March 29th.

Shares of Science Applications International stock traded down $1.29 during trading on Friday, reaching $85.88. The company’s stock had a trading volume of 17,140 shares, compared to its average volume of 475,161. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.18 and a current ratio of 1.30. The firm has a market capitalization of $5.07 billion, a PE ratio of 17.01, a PEG ratio of 2.88 and a beta of 1.40. Science Applications International has a one year low of $58.19 and a one year high of $93.31.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, June 6th. The information technology services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.15. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The firm’s revenue for the quarter was up 37.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. Research analysts forecast that Science Applications International will post 5.41 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.48 annualized dividend and a yield of 1.72%. Science Applications International’s dividend payout ratio is 29.37%.

In other Science Applications International news, CEO Anthony J. Moraco sold 1,803 shares of Science Applications International stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the sale, the chief executive officer now directly owns 59,151 shares of the company’s stock, valued at $4,436,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anthony J. Moraco sold 14,000 shares of Science Applications International stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $85.65, for a total value of $1,199,100.00. Following the sale, the chief executive officer now directly owns 65,798 shares in the company, valued at $5,635,598.70. The disclosure for this sale can be found here. Insiders own 2.05% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of Science Applications International by 23.6% in the 1st quarter. Royce & Associates LP now owns 696 shares of the information technology services provider’s stock worth $54,000 after acquiring an additional 133 shares in the last quarter. Creative Planning boosted its holdings in shares of Science Applications International by 1.0% in the 1st quarter. Creative Planning now owns 15,329 shares of the information technology services provider’s stock worth $1,180,000 after acquiring an additional 152 shares in the last quarter. Fort L.P. boosted its holdings in shares of Science Applications International by 3.1% in the 1st quarter. Fort L.P. now owns 5,292 shares of the information technology services provider’s stock worth $407,000 after acquiring an additional 157 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Science Applications International by 23.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after acquiring an additional 202 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Science Applications International by 108.9% in the 1st quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. 76.92% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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