Barclays Boosts Science Applications International (NYSE:SAIC) Price Target to $150.00

Science Applications International (NYSE:SAIC) had its price target upped by Barclays from $135.00 to $150.00 in a report released on Monday, Benzinga reports. They currently have an equal weight rating on the information technology services provider’s stock.

SAIC has been the subject of a number of other reports. StockNews.com upgraded Science Applications International from a hold rating to a buy rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price target on Science Applications International from $132.00 to $150.00 and gave the company a neutral rating in a research report on Friday, September 6th. TD Cowen upped their price target on Science Applications International from $145.00 to $155.00 and gave the company a buy rating in a research report on Friday, September 6th. Truist Financial upped their price target on Science Applications International from $125.00 to $135.00 and gave the company a hold rating in a research report on Friday, September 6th. Finally, Citigroup upped their price target on Science Applications International from $155.00 to $160.00 and gave the company a buy rating in a research report on Friday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $139.75.

Science Applications International Price Performance

NYSE:SAIC opened at $134.51 on Monday. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17. The stock has a 50 day moving average of $126.24 and a two-hundred day moving average of $127.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The firm has a market cap of $6.89 billion, a P/E ratio of 15.75 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last posted its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.86 by $0.19. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $2.05 EPS. Science Applications International’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts expect that Science Applications International will post 8.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio is presently 17.33%.

Insider Activity at Science Applications International

In other news, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP James Joshua Jackson purchased 400 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were bought at an average cost of $114.28 per share, for a total transaction of $45,712.00. Following the completion of the purchase, the executive vice president now directly owns 13,677 shares of the company’s stock, valued at $1,563,007.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michelle A. O’hara purchased 1,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were purchased at an average price of $118.00 per share, for a total transaction of $118,000.00. Following the completion of the purchase, the executive vice president now directly owns 33,497 shares of the company’s stock, valued at $3,952,646. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,715 shares of company stock worth $200,507. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in shares of Science Applications International during the second quarter worth $27,000. Parallel Advisors LLC increased its position in shares of Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after acquiring an additional 100 shares during the period. Fifth Third Bancorp increased its position in shares of Science Applications International by 30.4% during the second quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 84 shares during the period. CWM LLC increased its position in shares of Science Applications International by 56.8% during the second quarter. CWM LLC now owns 406 shares of the information technology services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Finally, FinTrust Capital Advisors LLC increased its position in shares of Science Applications International by 150.3% during the first quarter. FinTrust Capital Advisors LLC now owns 473 shares of the information technology services provider’s stock worth $62,000 after acquiring an additional 284 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

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.