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

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $115.10.

Several equities research analysts recently weighed in on SAIC shares. Stifel Nicolaus reduced their target price on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, September 5th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $115.00 price target (down previously from $140.00) on shares of Science Applications International in a research report on Monday, September 8th. UBS Group decreased their price objective on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, September 5th. The Goldman Sachs Group lowered their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research note on Monday, September 8th. Finally, Jefferies Financial Group cut their target price on shares of Science Applications International from $130.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, September 10th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its position in shares of Science Applications International by 14.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider’s stock valued at $280,685,000 after acquiring an additional 313,539 shares during the period. LSV Asset Management raised its stake in Science Applications International by 20.2% during the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock valued at $155,518,000 after purchasing an additional 263,006 shares during the last quarter. First Trust Advisors LP boosted its holdings in Science Applications International by 3.7% in the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the information technology services provider’s stock valued at $150,947,000 after purchasing an additional 53,895 shares during the period. 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 information technology services provider’s stock worth $143,578,000 after purchasing an additional 347,456 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Science Applications International by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,174,062 shares of the information technology services provider’s stock worth $116,660,000 after purchasing an additional 19,599 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Science Applications International Trading Up 16.3%

Science Applications International stock opened at $101.79 on Friday. Science Applications International has a one year low of $84.15 and a one year high of $133.00. The company’s fifty day moving average price is $93.39 and its two-hundred day moving average price is $105.27. 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 company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 17.17 and a beta of 0.30.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. On average, analysts forecast that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s payout ratio is currently 17.92%.

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.