Science Applications International Co. (NYSE:SAIC) Given Average Recommendation of "Hold" by Analysts

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned a consensus rating of "Hold" from the ten analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $115.10.

Several research analysts have issued reports on SAIC shares. The Goldman Sachs Group decreased their price target on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a research report on Monday, September 8th. UBS Group cut their price target on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. Stifel Nicolaus decreased their price objective on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, September 5th. Jefferies Financial Group cut their target price on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating on the stock in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $115.00 target price (down previously from $140.00) on shares of Science Applications International in a report on Monday, September 8th.

Get Our Latest Report on SAIC

Science Applications International Stock Up 16.3%

Shares of Science Applications International stock opened at $101.79 on Friday. The business's fifty day moving average price is $93.39 and its two-hundred day moving average price is $105.27. The company has a market capitalization of $4.68 billion, a P/E ratio of 17.17 and a beta of 0.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. Science Applications International has a 1-year low of $84.15 and a 1-year high of $133.00.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter last year, the company earned $2.05 EPS. Science Applications International's quarterly revenue was down 2.7% on a year-over-year basis. As a group, research analysts forecast that Science Applications International will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, January 14th. Science Applications International's dividend payout ratio (DPR) is currently 17.92%.

Institutional Trading of Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. LSV Asset Management grew its stake in Science Applications International by 143.2% in the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider's stock valued at $146,621,000 after purchasing an additional 766,734 shares in the last quarter. Norges Bank acquired a new stake in shares of Science Applications International during the 2nd quarter valued at about $81,148,000. AQR Capital Management LLC grew its stake in shares of Science Applications International by 115.8% in the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares in the last quarter. Invesco Ltd. increased its holdings in Science Applications International by 124.8% in the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock worth $98,191,000 after buying an additional 485,496 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Science Applications International by 78.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider's stock valued at $101,608,000 after acquiring an additional 396,037 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.

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