Science Applications International Corp (NYSE:SAIC) Receives $96.00 Consensus Target Price from Analysts

Shares of Science Applications International Corp (NYSE:SAIC) have been assigned an average recommendation of “Buy” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $96.00.

A number of research firms have recently commented on SAIC. Morgan Stanley restated a “neutral” rating and issued a $230.00 price objective on shares of Tesla in a research report on Wednesday, June 12th. ValuEngine upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Vertical Research upgraded Science Applications International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $108.00 in a research report on Friday, March 29th. SunTrust Banks boosted their price objective on Vail Resorts to $247.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Goldman Sachs Group upgraded MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th.

SAIC stock traded up $0.80 during trading on Tuesday, hitting $87.31. 478,579 shares of the company traded hands, compared to its average volume of 475,952. The stock’s 50-day moving average is $84.21. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $5.17 billion, a P/E ratio of 17.32, a PEG ratio of 2.89 and a beta of 1.40. Science Applications International has a 1 year low of $58.19 and a 1 year high of $93.31.



Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.15. The company had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. Science Applications International’s quarterly revenue was up 37.4% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Research analysts predict that Science Applications International will post 5.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Thursday, July 11th. Science Applications International’s dividend payout ratio is presently 29.37%.

In other news, CEO Anthony J. Moraco sold 12,694 shares of Science Applications International stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $85.87, for a total value of $1,090,033.78. Following the sale, the chief executive officer now directly owns 47,661 shares of the company’s stock, valued at $4,092,650.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Anthony J. Moraco sold 14,000 shares of Science Applications International stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $85.65, for a total value of $1,199,100.00. Following the completion of the sale, the chief executive officer now directly owns 65,798 shares in the company, valued at $5,635,598.70. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. Boston Partners acquired a new position in Science Applications International during the first quarter worth $95,003,000. BlackRock Inc. boosted its stake in Science Applications International by 18.9% during the first quarter. BlackRock Inc. now owns 5,766,169 shares of the information technology services provider’s stock worth $443,706,000 after buying an additional 915,937 shares during the last quarter. Rubric Capital Management LP acquired a new position in Science Applications International during the first quarter worth $49,406,000. Norges Bank acquired a new position in Science Applications International during the fourth quarter worth $40,011,000. Finally, Ronna Sue Cohen boosted its stake in Science Applications International by 7,630.5% during the first quarter. Ronna Sue Cohen now owns 452,081 shares of the information technology services provider’s stock worth $452,000 after buying an additional 446,233 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors.

About Science Applications International

Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers 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 the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.

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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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