Science Applications International Corporation (NASDAQ:SAIC) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Science Applications International Corporation (NASDAQ:SAIC) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $125.22.

A number of research analysts have commented on the stock. The Goldman Sachs Group lifted their price objective on shares of Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a research note on Tuesday, September 8th. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 27th. Weiss Ratings raised Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 9th. UBS Group raised their price target on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Finally, Jefferies Financial Group increased their price target on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a report on Tuesday, September 1st.

Insiders Place Their Bets

In other Science Applications International news, Director C. David Cush bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $132.50 per share, for a total transaction of $132,500.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at approximately $132,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in Science Applications International during the second quarter worth about $44,044,000. Dimensional Fund Advisors LP increased its stake in shares of Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock valued at $145,730,000 after acquiring an additional 185,066 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Science Applications International by 4,112.1% during the 3rd quarter. International Assets Investment Management LLC now owns 85,000 shares of the company’s stock valued at $10,843,000 after acquiring an additional 82,982 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Science Applications International by 13,176.6% during the 1st quarter. Fifth Third Bancorp now owns 63,064 shares of the company’s stock worth $5,986,000 after acquiring an additional 62,589 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Science Applications International by 17.5% during the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock worth $36,121,000 after acquiring an additional 56,720 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC stock opened at $151.86 on Monday. The stock’s 50-day moving average is $132.46 and its two-hundred day moving average is $110.94. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. Science Applications International has a 1 year low of $81.08 and a 1 year high of $154.46. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 13.19 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 EPS. Analysts predict that Science Applications International will post 10.77 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, October 9th. Science Applications International’s payout ratio is 17.31%.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and professional services company that supports the U.S. government and its missions. The company provides information technology modernization, systems engineering, mission support, enterprise transformation, and program management services to defense, intelligence, space, federal civilian, and national security customers.

SAIC’s capabilities include cloud computing, artificial intelligence and machine learning, cybersecurity, software development, data analytics, digital engineering, network modernization, and IT infrastructure management.