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

Science Applications International Co. (NYSE:SAIC) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $137.22.

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on Science Applications International in a report on Friday, February 7th. They set a “neutral” rating and a $120.00 price objective on the stock. Wells Fargo & Company cut their price target on shares of Science Applications International from $154.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. TD Cowen cut shares of 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 research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, StockNews.com upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 18th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Science Applications International by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock worth $2,240,000 after acquiring an additional 87 shares during the last quarter. Xponance Inc. increased its holdings in shares of Science Applications International by 1.5% in the fourth quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider’s stock valued at $768,000 after purchasing an additional 99 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Science Applications International by 4.8% in the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,186 shares of the information technology services provider’s stock valued at $244,000 after purchasing an additional 100 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in Science Applications International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider’s stock valued at $786,000 after buying an additional 142 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Science Applications International by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after buying an additional 156 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

SAIC stock opened at $103.93 on Friday. Science Applications International has a 1-year low of $102.75 and a 1-year high of $156.34. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $5.08 billion, a PE ratio of 17.53 and a beta of 0.66. The business’s 50-day moving average price is $112.58 and its two-hundred day moving average price is $126.65.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.48 annualized dividend and a yield of 1.42%. Science Applications International’s payout ratio is presently 24.96%.

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.