Analysts Set Science Applications International Co. (NYSE:SAIC) Target Price at $137.22

Science Applications International Co. (NYSE:SAIC) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $137.22.

SAIC has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. StockNews.com upgraded shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen downgraded shares of Science Applications International from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. Finally, UBS Group initiated coverage on shares of Science Applications International in a research note on Monday, December 2nd. They issued a “neutral” rating and a $134.00 price target on the stock.

Science Applications International Stock Up 0.1 %

SAIC stock opened at $105.64 on Friday. The business’s 50-day moving average price is $113.32 and its 200-day moving average price is $126.89. The stock has a market cap of $5.16 billion, a P/E ratio of 17.81 and a beta of 0.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a twelve month low of $103.90 and a twelve month high of $156.34.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.40%. Science Applications International’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity at Science Applications International

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $117.70, for a total transaction of $381,230.30. Following the completion of the transaction, the director now directly owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $116.36 per share, for a total transaction of $49,453.00. Following the completion of the transaction, the executive vice president now directly owns 3,579 shares in the company, valued at $416,452.44. This trade represents a 13.47 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in Science Applications International by 30,868.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock worth $690,000 after buying an additional 4,939 shares during the period. Seizert Capital Partners LLC increased its position in shares of Science Applications International by 36.3% during the third quarter. Seizert Capital Partners LLC now owns 38,803 shares of the information technology services provider’s stock worth $5,404,000 after acquiring an additional 10,326 shares during the period. Van ECK Associates Corp raised its stake in shares of Science Applications International by 21.9% during the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock valued at $36,070,000 after acquiring an additional 44,990 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Science Applications International in the fourth quarter valued at approximately $312,000. Finally, Pure Financial Advisors LLC grew its stake in Science Applications International by 19.0% in the fourth quarter. Pure Financial Advisors LLC now owns 18,447 shares of the information technology services provider’s stock worth $2,062,000 after purchasing an additional 2,946 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

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.