Science Applications International Co. (NYSE:SAIC) Receives Consensus Rating of “Reduce” from Analysts

Shares of Science Applications International Co. (NYSE:SAIC) have been given an average recommendation of “Reduce” by the five brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $127.60.

A number of brokerages recently weighed in on SAIC. StockNews.com cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Truist Financial reissued a “hold” rating and set a $130.00 price target on shares of Science Applications International in a research report on Friday. Wells Fargo & Company lifted their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 19th. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $113.00 to $110.00 and set a “sell” rating for the company in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered their price objective on Science Applications International from $142.00 to $140.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th.

Insider Activity at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 760 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $125.64, for a total value of $95,486.40. Following the sale, the director now directly owns 8,653 shares of the company’s stock, valued at $1,087,162.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.29% of the company’s stock.

Institutional Trading of Science Applications International

Several institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new stake in Science Applications International in the 4th quarter valued at about $25,000. Quarry LP increased its stake in shares of Science Applications International by 100.0% in the 2nd quarter. Quarry LP now owns 218 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 109 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $26,000. Gradient Investments LLC boosted its position in shares of Science Applications International by 1,104.8% during the 3rd quarter. Gradient Investments LLC now owns 253 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Science Applications International by 62.9% during the fourth quarter. Parallel Advisors LLC now owns 259 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Down 2.2 %

NYSE:SAIC opened at $123.58 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a 50-day simple moving average of $133.65 and a 200-day simple moving average of $124.24. Science Applications International has a one year low of $95.43 and a one year high of $145.17. The firm has a market cap of $6.38 billion, a P/E ratio of 13.96 and a beta of 0.70.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Monday, March 18th. The information technology services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.01). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm earned $2.04 EPS. Equities analysts anticipate that Science Applications International will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, April 11th. Science Applications International’s dividend payout ratio is currently 16.72%.

About Science Applications International

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.