Wells Fargo & Co restated their hold rating on shares of Science Applications International (NYSE:SAIC) in a research note published on Friday morning.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered Science Applications International from a buy rating to a hold rating in a report on Saturday, January 5th. Drexel Hamilton set a $90.00 price target on Science Applications International and gave the stock a buy rating in a report on Friday, December 7th. ValuEngine lowered Science Applications International from a hold rating to a sell rating in a report on Thursday, November 1st. Finally, Jefferies Financial Group raised Science Applications International from a hold rating to a buy rating and set a $97.00 price target on the stock in a report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $82.86.

Shares of SAIC stock opened at $65.03 on Friday. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.61 and a beta of 1.45. Science Applications International has a 1 year low of $58.19 and a 1 year high of $93.31. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.40 and a current ratio of 1.57.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, December 6th. The information technology services provider reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.21. Science Applications International had a return on equity of 57.96% and a net margin of 4.29%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the company posted $0.98 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Analysts predict that Science Applications International will post 4.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, January 10th. Science Applications International’s dividend payout ratio is presently 35.13%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Science Applications International by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares in the last quarter. Vanguard Group Inc boosted its holdings in Science Applications International by 7.0% in the 3rd quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock valued at $435,631,000 after purchasing an additional 352,533 shares in the last quarter. BlackRock Inc. boosted its holdings in Science Applications International by 1.7% in the 3rd quarter. BlackRock Inc. now owns 4,723,203 shares of the information technology services provider’s stock valued at $380,690,000 after purchasing an additional 81,138 shares in the last quarter. FMR LLC boosted its holdings in Science Applications International by 3.1% in the 2nd quarter. FMR LLC now owns 1,968,833 shares of the information technology services provider’s stock valued at $159,337,000 after purchasing an additional 58,804 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Science Applications International by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,010,999 shares of the information technology services provider’s stock valued at $81,485,000 after purchasing an additional 17,773 shares in the last quarter. 67.20% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. Its offerings include engineering; 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 design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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