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

Science Applications International Co. (NYSE:SAIC) has earned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $139.38.

A number of equities research analysts have recently issued reports on SAIC shares. Wells Fargo & Company cut their target price on Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. UBS Group started coverage on Science Applications International in a research report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group dropped their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th.

Insider Buying and Selling at Science Applications International

In related news, EVP Barbara Supplee purchased 425 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $116.36 per share, for a total transaction of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares in the company, valued at $416,452.44. The trade was a 13.47 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $117.70, for a total value of $381,230.30. Following the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. This trade represents a 32.06 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in Science Applications International by 438.5% during the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC boosted its stake in Science Applications International by 236.0% during the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the period. Quarry LP bought a new stake in Science Applications International during the 3rd quarter valued at approximately $71,000. Sunbelt Securities Inc. bought a new stake in Science Applications International during the 2nd quarter valued at approximately $78,000. Finally, Sound Income Strategies LLC bought a new stake in Science Applications International during the 3rd quarter valued at approximately $121,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Down 0.7 %

Shares of Science Applications International stock opened at $115.87 on Tuesday. The stock’s fifty day moving average is $118.97 and its 200-day moving average is $127.82. The firm has a market capitalization of $5.66 billion, a PE ratio of 19.54 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 12-month low of $108.90 and a 12-month high of $156.34.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. Science Applications International’s dividend payout ratio (DPR) is currently 24.96%.

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 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.