Science Applications International Corporation (NASDAQ:SAIC) Stock Rated “Hold” by Wall Street Brokerages

Science Applications International Corporation (NASDAQ:SAIC) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $125.22.

A number of equities research analysts have weighed in on the stock. Weiss Ratings downgraded shares of Science Applications International from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 24th. UBS Group boosted their target price on shares of Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday, September 1st. Truist Financial increased their target price on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday, September 1st. The Goldman Sachs Group raised their target price on shares of Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a report on Tuesday, September 8th. Finally, Jefferies Financial Group upped their price target on Science Applications International from $130.00 to $140.00 and gave the company a “hold” rating in a report on Tuesday, September 1st.

Insider Activity

In related news, Director C. David Cush bought 1,000 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average cost of $132.50 per share, with a total value of $132,500.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $132,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by insiders.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently modified their holdings of SAIC. Rothschild Investment LLC raised its holdings in Science Applications International by 304.9% during the 4th quarter. Rothschild Investment LLC now owns 745 shares of the company’s stock worth $75,000 after buying an additional 561 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Science Applications International by 94.2% in the fourth quarter. Hantz Financial Services Inc. now owns 903 shares of the company’s stock worth $91,000 after buying an additional 438 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Science Applications International by 155.7% in the second quarter. Versant Capital Management Inc now owns 854 shares of the company’s stock worth $94,000 after buying an additional 520 shares during the period. GAMMA Investing LLC increased its position in shares of Science Applications International by 86.9% in the second quarter. GAMMA Investing LLC now owns 1,226 shares of the company’s stock worth $135,000 after acquiring an additional 570 shares in the last quarter. Finally, First Command Advisory Services Inc. increased its position in shares of Science Applications International by 32.4% in the fourth quarter. First Command Advisory Services Inc. now owns 1,592 shares of the company’s stock worth $160,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Up 1.3%

SAIC opened at $126.90 on Thursday. Science Applications International has a one year low of $81.08 and a one year high of $142.66. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s fifty day moving average is $126.99 and its 200-day moving average is $111.68. The company has a market capitalization of $5.32 billion, a PE ratio of 14.84 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data 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 analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.63 earnings per share. On average, equities analysts predict that Science Applications International will post 10.77 EPS for the current fiscal year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International’s payout ratio is presently 17.31%.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) provides technology integration, mission services and engineering solutions primarily to the U.S. government. The company supports defense, intelligence, space, civilian and health agencies with services focused on digital modernization, cloud computing, cybersecurity, artificial intelligence, data analytics and enterprise information technology.

SAIC also provides systems engineering, logistics, program management, software development, infrastructure support and mission operations.