Brokerages Set Science Applications International Corporation (NASDAQ:SAIC) Price Target at $124.44

Shares of Science Applications International Corporation (NASDAQ:SAIC) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $125.2222.

A number of equities research analysts have recently commented on SAIC shares. Stifel Nicolaus increased their target price on shares of Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group increased their price objective on shares of Science Applications International from $93.00 to $103.00 and gave the company a “sell” rating in a report on Tuesday, September 8th. BNP Paribas Exane began coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock. TD Cowen restated a “hold” rating on shares of Science Applications International in a report on Monday, August 31st. Finally, Truist Financial boosted their price objective on 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 Stock Performance

Shares of NASDAQ:SAIC opened at $129.90 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.20. Science Applications International has a 1 year low of $81.08 and a 1 year high of $142.66. The firm has a market capitalization of $5.44 billion, a PE ratio of 15.19 and a beta of 0.30. The business’s 50 day moving average price is $121.87 and its 200-day moving average price is $107.20.

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

Science Applications International Dividend Announcement

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

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its position in shares of Science Applications International by 10,238.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after purchasing an additional 5,467,211 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Science Applications International by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after buying an additional 441,296 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after buying an additional 393,344 shares during the period. Dimensional Fund Advisors LP lifted its stake in Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after acquiring an additional 185,066 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock valued at $143,578,000 after acquiring an additional 347,456 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC’s offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.