Science Applications International (NASDAQ:SAIC) Price Target Raised to $140.00

Science Applications International (NASDAQ:SAIC) had its target price boosted by Jefferies Financial Group from $130.00 to $140.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also commented on SAIC. The Goldman Sachs Group raised their price objective on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research report on Friday, June 12th. TD Cowen reiterated a “hold” rating on shares of Science Applications International in a report on Monday. Wall Street Zen upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 30th. Citigroup boosted their price target on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Science Applications International currently has a consensus rating of “Hold” and an average target price of $124.44.

Science Applications International Price Performance

SAIC opened at $126.50 on Tuesday. The stock has a fifty day moving average of $119.78 and a 200-day moving average of $105.67. The firm has a market capitalization of $5.30 billion, a P/E ratio of 14.80 and a beta of 0.30. Science Applications International has a 12-month low of $81.08 and a 12-month high of $142.66. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 1.71.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.Science Applications International’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $3.63 earnings per share. Equities analysts forecast that Science Applications International will post 10.73 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s dividend payout ratio is currently 17.31%.

Institutional Trading of Science Applications International

A number of institutional investors have recently added to or reduced their stakes in SAIC. Corient Private Wealth LP raised its holdings in shares of Science Applications International by 107.7% during the 2nd quarter. Corient Private Wealth LP now owns 8,558 shares of the company’s stock valued at $945,000 after purchasing an additional 4,437 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Science Applications International in the 2nd quarter valued at $2,951,000. California State Teachers Retirement System boosted its holdings in Science Applications International by 10,238.4% in the second quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after purchasing an additional 5,467,211 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Science Applications International by 1.2% in the second quarter. HB Wealth Management LLC now owns 18,974 shares of the company’s stock worth $2,095,000 after purchasing an additional 219 shares in the last quarter. Finally, Syon Capital LLC acquired a new position in Science Applications International during the second quarter worth $250,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Company Profile

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.