Science Applications International Co. (NYSE:SAIC) Receives $113.43 Consensus Price Target from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $114.00.

SAIC has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Science Applications International in a research note on Thursday, October 5th. They issued a “buy” rating on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $115.00 target price on shares of Science Applications International in a research note on Monday, October 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Science Applications International from $114.00 to $116.00 in a research note on Friday, September 8th.

Insider Activity

In related news, insider Robert S. Genter sold 3,557 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $109.79, for a total value of $390,523.03. Following the transaction, the insider now owns 57,155 shares in the company, valued at approximately $6,275,047.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Science Applications International news, insider Robert S. Genter sold 3,557 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $109.79, for a total value of $390,523.03. Following the completion of the transaction, the insider now owns 57,155 shares of the company’s stock, valued at approximately $6,275,047.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michelle A. O’hara sold 2,004 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $113.87, for a total value of $228,195.48. Following the completion of the transaction, the executive vice president now directly owns 30,238 shares of the company’s stock, valued at approximately $3,443,201.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,061 shares of company stock worth $778,169. Corporate insiders own 1.29% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently bought and sold shares of SAIC. Quarry LP raised its position in Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after buying an additional 109 shares during the last quarter. Gradient Investments LLC raised its position in Science Applications International by 1,104.8% in the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Van ECK Associates Corp purchased a new position in Science Applications International in the 1st quarter worth about $30,000. BOKF NA purchased a new position in Science Applications International in the 1st quarter worth about $31,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Science Applications International during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 75.31% of the company’s stock.

Science Applications International Trading Up 1.0 %

SAIC stock opened at $115.95 on Thursday. The company has a market capitalization of $6.14 billion, a PE ratio of 12.69 and a beta of 0.71. Science Applications International has a one year low of $95.43 and a one year high of $123.53. The company’s 50 day moving average price is $110.00 and its two-hundred day moving average price is $110.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.08 and a current ratio of 1.14.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, September 7th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.62 by $0.43. Science Applications International had a net margin of 6.49% and a return on equity of 25.76%. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts predict that Science Applications International will post 7.37 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, October 12th. Science Applications International’s dividend payout ratio (DPR) is presently 16.19%.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include engineering; technology integration; IT modernization; 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, as well as cloud migration, managed services, infrastructure modernization, and enterprise IT-as-a-service solutions; and data management platform solutions.