Science Applications International Corporation (NASDAQ:SAIC) Receives Consensus Recommendation of “Hold” from Analysts

Science Applications International Corporation (NASDAQ:SAIC) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $125.22.

A number of brokerages recently issued reports on SAIC. The Goldman Sachs Group boosted their price objective on Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a research note on Tuesday, September 8th. TD Cowen restated a “hold” rating on shares of Science Applications International in a research note on Monday, August 31st. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 27th. Jefferies Financial Group upped their price target on shares of Science Applications International from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Tuesday, September 1st. Finally, Truist Financial increased their price objective on shares of Science Applications International from $110.00 to $130.00 and gave the stock a “hold” rating in a research note on Tuesday, September 1st.

Science Applications International Price Performance

Shares of Science Applications International stock opened at $122.08 on Thursday. Science Applications International has a one year low of $81.08 and a one year high of $142.66. The stock’s fifty day moving average is $127.15 and its 200 day moving average is $112.06. The stock has a market cap of $5.12 billion, a P/E ratio of 14.28 and a beta of 0.31. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.20 and a current ratio of 1.20.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.Science Applications International’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.63 earnings per share. Sell-side analysts anticipate that Science Applications International will post 10.77 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International’s dividend payout ratio is presently 17.31%.

Insider Buying and Selling

In other Science Applications International news, Director C. David Cush purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average cost of $132.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at $132,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently made changes to their positions in the business. Elevation Wealth Partners LLC raised its stake in Science Applications International by 75.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 346 shares of the company’s stock valued at $44,000 after purchasing an additional 149 shares during the period. Versant Capital Management Inc boosted its stake in Science Applications International by 57.3% in the 3rd quarter. Versant Capital Management Inc now owns 1,343 shares of the company’s stock worth $171,000 after purchasing an additional 489 shares during the period. MAC Alpha Capital Management LP boosted its stake in Science Applications International by 43.8% in the 2nd quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company’s stock worth $19,311,000 after purchasing an additional 53,277 shares during the period. Tidal Investments LLC grew its holdings in Science Applications International by 9.4% during the 2nd quarter. Tidal Investments LLC now owns 10,449 shares of the company’s stock valued at $1,154,000 after buying an additional 900 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Science Applications International during the 2nd quarter valued at approximately $1,607,000. Institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corp. (SAIC) provides technology integration, mission services and engineering solutions primarily to the U.S. government. The company supports defense, intelligence, space, civilian and health agencies with services focused on digital modernization, cloud computing, cybersecurity, artificial intelligence, data analytics and enterprise information technology.

SAIC also provides systems engineering, logistics, program management, software development, infrastructure support and mission operations.