Analysts Set Science Applications International Co. (NYSE:SAIC) PT at $136.11

Shares of Science Applications International Co. (NYSE:SAIC) have received an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $136.11.

Several research firms recently weighed in on SAIC. TD Cowen downgraded Science Applications International from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $120.00 in a report on Wednesday, January 8th. The Goldman Sachs Group cut their price objective on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group initiated coverage on Science Applications International in a report on Monday, December 2nd. They set a “neutral” rating and a $134.00 target price on the stock. Finally, Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th.

Insider Activity

In other news, EVP Barbara Supplee bought 425 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 3,579 shares of the company’s stock, valued at approximately $416,452.44. This represents a 13.47 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. 0.67% of the stock is owned by company insiders.

Institutional Trading of Science Applications International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Science Applications International by 30,868.8% in the third quarter. Farther Finance Advisors LLC now owns 4,955 shares of the information technology services provider’s stock valued at $690,000 after purchasing an additional 4,939 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Science Applications International by 21.9% in the third quarter. Van ECK Associates Corp now owns 250,589 shares of the information technology services provider’s stock worth $36,070,000 after purchasing an additional 44,990 shares during the period. Forum Financial Management LP bought a new position in Science Applications International in the third quarter valued at $204,000. Assetmark Inc. increased its stake in Science Applications International by 1.8% in the third quarter. Assetmark Inc. now owns 223,508 shares of the information technology services provider’s stock valued at $31,128,000 after acquiring an additional 3,931 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Science Applications International by 56.9% in the third quarter. Atria Investments Inc now owns 3,009 shares of the information technology services provider’s stock valued at $419,000 after acquiring an additional 1,091 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Trading Up 8.9 %

NYSE SAIC opened at $111.25 on Wednesday. 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 $94.68 and a twelve month high of $156.34. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 18.76 and a beta of 0.66. The business’s fifty day moving average is $108.03 and its 200 day moving average is $123.91.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid 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 was Friday, January 10th. Science Applications International’s dividend payout ratio is 24.96%.

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.