Science Applications International Co. (NYSE:SAIC) Receives $144.38 Average PT from Brokerages

Science Applications International Co. (NYSE:SAIC) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $144.38.

A number of equities research analysts recently weighed in on SAIC shares. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. Truist Financial boosted their price target on Science Applications International from $125.00 to $135.00 and gave the company a “hold” rating in a report on Friday, September 6th. JPMorgan Chase & Co. reduced their price objective on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Wells Fargo & Company upped their target price on Science Applications International from $147.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Citigroup raised their price target on Science Applications International from $160.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, October 10th.

Science Applications International Stock Performance

SAIC stock opened at $111.26 on Friday. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.65. Science Applications International has a twelve month low of $108.90 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $131.45 and its two-hundred day simple moving average is $128.15.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, January 10th. Science Applications International’s dividend payout ratio is currently 24.96%.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of the stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the purchase, the executive vice president now directly owns 3,579 shares in the company, valued at approximately $416,452.44. The trade was a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

Institutional Trading of Science Applications International

A number of institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC purchased a new stake in Science Applications International in the second quarter valued at about $27,000. UMB Bank n.a. increased its holdings in shares of Science Applications International by 438.5% during the third quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Science Applications International by 236.0% in the 3rd quarter. GAMMA Investing LLC now owns 289 shares of the information technology services provider’s stock valued at $40,000 after purchasing an additional 203 shares during the last quarter. Fifth Third Bancorp boosted its stake in Science Applications International by 30.4% in the 2nd quarter. Fifth Third Bancorp now owns 360 shares of the information technology services provider’s stock worth $42,000 after purchasing an additional 84 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Science Applications International during the third quarter valued at $71,000. Institutional investors and hedge funds 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.