Science Applications International Corporation (NASDAQ:SAIC) Receives Average Rating of “Hold” from Analysts

Science Applications International Corporation (NASDAQ:SAIC) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $109.20.

A number of equities research analysts recently issued reports on SAIC shares. The Goldman Sachs Group dropped their price target on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Truist Financial lowered their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating on the stock in a research note on Tuesday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of Science Applications International from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Wall Street Zen cut shares of Science Applications International from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Stifel Nicolaus decreased their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, March 17th.

Science Applications International Stock Performance

NASDAQ SAIC opened at $103.70 on Friday. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 13.49 and a beta of 0.28. The stock has a 50-day moving average of $96.28 and a 200 day moving average of $96.65. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. Science Applications International has a twelve month low of $81.08 and a twelve month high of $121.05.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings data on Monday, March 16th. The company reported $2.62 EPS for the quarter, beating the consensus estimate of $1.79 by $0.83. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.78 billion. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.Science Applications International’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $2.57 earnings per share. Sell-side analysts anticipate that Science Applications International will post 9.61 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a $0.37 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.4%. Science Applications International’s dividend payout ratio is presently 19.25%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cresset Asset Management LLC grew its stake in shares of Science Applications International by 4.4% in the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after buying an additional 88 shares during the period. Focus Partners Wealth raised its position in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after buying an additional 94 shares during the period. International Assets Investment Management LLC lifted its holdings in Science Applications International by 5.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock valued at $213,000 after acquiring an additional 111 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Science Applications International by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock valued at $319,000 after acquiring an additional 115 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Science Applications International by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the company’s stock worth $444,000 after acquiring an additional 116 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.