Science Applications International (NASDAQ:SAIC) Shares Up 5.2% – What’s Next?

Science Applications International Corporation (NASDAQ:SAIC) rose 5.2% during trading on Thursday. The stock traded as high as $128.57 and last traded at $128.4670. 178,051 shares changed hands during trading, a decline of 68% from the average daily volume of 560,167 shares. The stock had previously closed at $122.08.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SAIC shares. The Goldman Sachs Group increased their price target on shares of Science Applications International from $93.00 to $103.00 and gave the stock a “sell” rating in a research note on Tuesday, September 8th. Jefferies Financial Group increased their target price on Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st. Truist Financial lifted their price target on Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded shares of Science Applications International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, UBS Group lifted 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. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.22.

Science Applications International Price Performance

The firm has a fifty day moving average of $127.15 and a 200 day moving average of $112.06. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $5.38 billion, a P/E ratio of 15.03 and a beta of 0.31.

Science Applications International (NASDAQ:SAIC) last released 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. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the previous year, the company earned $3.63 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts anticipate that Science Applications International Corporation will post 10.77 EPS for the current year.

Science Applications International Announces Dividend

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

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director C. David Cush bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at $132,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Elevation Wealth Partners LLC grew its stake in shares of Science Applications International by 75.6% in the third quarter. Elevation Wealth Partners LLC now owns 346 shares of the company’s stock worth $44,000 after acquiring an additional 149 shares during the last quarter. Allworth Financial LP lifted its position in shares of Science Applications International by 10.3% in the second quarter. Allworth Financial LP now owns 1,720 shares of the company’s stock worth $190,000 after purchasing an additional 160 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Science Applications International by 4.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,659 shares of the company’s stock worth $469,000 after purchasing an additional 187 shares during the last quarter. Apella Capital LLC increased its stake in Science Applications International by 1.6% in the 3rd quarter. Apella Capital LLC now owns 12,518 shares of the company’s stock valued at $1,528,000 after buying an additional 198 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Science Applications International by 3.4% during the 1st quarter. First Citizens Bank & Trust Co. now owns 6,557 shares of the company’s stock worth $622,000 after buying an additional 217 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.