Science Applications International (NASDAQ:SAIC) Price Target Raised to $103.00

Science Applications International (NASDAQ:SAIC) had its price target hoisted by The Goldman Sachs Group from $93.00 to $103.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Several other equities research analysts have also issued reports on SAIC. Stifel Nicolaus increased their price objective on shares of Science Applications International from $137.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. TD Cowen restated a “hold” rating on shares of Science Applications International in a report on Monday, August 31st. Citigroup lifted their target price on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, BNP Paribas Exane assumed coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average target price of $125.22.

Science Applications International Stock Up 2.0%

Shares of NASDAQ:SAIC opened at $128.76 on Tuesday. 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 has a 1 year low of $81.08 and a 1 year high of $142.66. The stock has a market capitalization of $5.40 billion, a P/E ratio of 15.06 and a beta of 0.30. The stock has a 50-day simple moving average of $121.50 and a 200-day simple moving average of $107.04.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.70. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company earned $3.63 EPS. The company’s revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that Science Applications International will post 10.78 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.1%. Science Applications International’s dividend payout ratio (DPR) is currently 17.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in Science Applications International during the 4th quarter worth $25,000. Transamerica Financial Advisors LLC boosted its position in Science Applications International by 477.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after buying an additional 215 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Science Applications International during the third quarter valued at about $29,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth about $35,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.