Science Applications International Co. (NYSE:SAIC) Given Consensus Rating of “Hold” by Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been given a consensus rating of “Hold” by the nine analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $136.11.

SAIC has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Science Applications International from $149.00 to $139.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. UBS Group initiated coverage on Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price objective for the company. TD Cowen cut Science Applications International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $120.00 in a research note on Wednesday, January 8th. StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their target price 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.

Science Applications International Trading Up 8.9 %

Shares of NYSE SAIC opened at $111.25 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $5.44 billion, a P/E ratio of 18.76 and a beta of 0.66. Science Applications International has a 1-year low of $94.68 and a 1-year high of $156.34. The business has a fifty day moving average price of $108.03 and a 200 day moving average price of $123.89.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.33%. Science Applications International’s payout ratio is 24.96%.

Insider Transactions at Science Applications International

In other news, EVP Barbara Supplee bought 425 shares of Science Applications International stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the acquisition, the executive vice president now owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Katharina G. Mcfarland sold 3,239 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now directly owns 6,864 shares of the company’s stock, valued at $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of large investors have recently modified their holdings of the business. Xponance Inc. raised its stake in shares of Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock worth $768,000 after buying an additional 99 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Science Applications International by 4.8% in the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock worth $244,000 after acquiring an additional 100 shares during the period. Mariner LLC grew its holdings in shares of Science Applications International by 2.8% in the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider’s stock worth $433,000 after acquiring an additional 106 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock worth $786,000 after acquiring an additional 142 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in shares of Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after acquiring an additional 156 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Company Profile

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.