Science Applications International Co. (NYSE:SAIC) Receives Average Recommendation of “Reduce” from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned a consensus rating of “Reduce” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $127.60.

SAIC has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their target price on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Truist Financial reiterated a “hold” rating and set a $130.00 price objective on shares of Science Applications International in a research report on Friday, April 12th. StockNews.com upgraded shares of Science Applications International from a “hold” rating to a “buy” rating in a report on Wednesday, April 17th. The Goldman Sachs Group lowered their price target on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a report on Thursday, February 29th. Finally, Wells Fargo & Company boosted their price objective on Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 19th.

Insider Buying and Selling

In other Science Applications International news, CEO Toni Townes-Whitley bought 3,000 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were purchased at an average price of $125.96 per share, with a total value of $377,880.00. Following the completion of the purchase, the chief executive officer now owns 46,795 shares in the company, valued at approximately $5,894,298.20. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Vincent P. Difronzo bought 795 shares of the company’s stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $126.04 per share, for a total transaction of $100,201.80. Following the purchase, the executive vice president now directly owns 8,772 shares of the company’s stock, valued at $1,105,622.88. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Toni Townes-Whitley purchased 3,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were bought at an average cost of $125.96 per share, with a total value of $377,880.00. Following the purchase, the chief executive officer now directly owns 46,795 shares of the company’s stock, valued at approximately $5,894,298.20. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Science Applications International by 22.8% during the first quarter. Russell Investments Group Ltd. now owns 10,146 shares of the information technology services provider’s stock valued at $1,323,000 after buying an additional 1,884 shares during the period. Inspire Investing LLC purchased a new position in shares of Science Applications International in the 1st quarter valued at $885,000. Sei Investments Co. raised its position in shares of Science Applications International by 53.9% in the 1st quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock worth $11,284,000 after acquiring an additional 30,325 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Science Applications International by 7.0% during the 1st quarter. SG Americas Securities LLC now owns 9,327 shares of the information technology services provider’s stock worth $1,216,000 after purchasing an additional 614 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Science Applications International during the first quarter valued at about $1,069,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Price Performance

SAIC stock opened at $133.70 on Thursday. The company has a market capitalization of $6.85 billion, a PE ratio of 15.11 and a beta of 0.70. The company’s fifty day moving average price is $131.56 and its 200-day moving average price is $126.58. Science Applications International has a one year low of $95.43 and a one year high of $145.17. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.01). Science Applications International had a net margin of 6.41% and a return on equity of 23.73%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts anticipate that Science Applications International will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.37 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.48 annualized dividend and a yield of 1.11%. Science Applications International’s payout ratio is 16.72%.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; 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 training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.