Barclays Boosts Science Applications International (NYSE:SAIC) Price Target to $150.00

Science Applications International (NYSE:SAIC) had its target price hoisted by Barclays from $135.00 to $150.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the information technology services provider’s stock.

Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. raised their price objective on Science Applications International from $132.00 to $150.00 and gave the stock a neutral rating in a report on Friday, September 6th. StockNews.com raised Science Applications International from a hold rating to a buy rating in a report on Friday, September 6th. Truist Financial raised their price objective on Science Applications International from $125.00 to $135.00 and gave the stock a hold rating in a report on Friday, September 6th. Citigroup raised their price objective on Science Applications International from $155.00 to $160.00 and gave the stock a buy rating in a report on Friday, September 6th. Finally, TD Cowen raised their price objective on Science Applications International from $145.00 to $155.00 and gave the stock a buy rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $139.75.

Science Applications International Stock Performance

NYSE:SAIC opened at $134.51 on Monday. The firm has a market capitalization of $6.89 billion, a PE ratio of 15.75 and a beta of 0.70. The business’s fifty day moving average price is $126.24 and its 200 day moving average price is $127.06. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International has a 12 month low of $104.26 and a 12 month high of $145.17.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 5th. The information technology services provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.86 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. Science Applications International’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 earnings per share. On average, sell-side analysts anticipate that Science Applications International will post 8.18 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, October 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.10%. Science Applications International’s dividend payout ratio (DPR) is 17.33%.

Insider Activity at Science Applications International

In other news, EVP Vincent P. Difronzo acquired 215 shares of Science Applications International stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average price of $116.72 per share, for a total transaction of $25,094.80. Following the completion of the transaction, the executive vice president now directly owns 2,267 shares in the company, valued at $264,604.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Science Applications International news, EVP Michelle A. O’hara acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was acquired at an average cost of $118.00 per share, with a total value of $118,000.00. Following the purchase, the executive vice president now directly owns 33,497 shares in the company, valued at approximately $3,952,646. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Vincent P. Difronzo acquired 215 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $116.72 per share, with a total value of $25,094.80. Following the completion of the purchase, the executive vice president now owns 2,267 shares in the company, valued at $264,604.24. The disclosure for this purchase can be found here. Insiders bought a total of 1,715 shares of company stock worth $200,507 over the last 90 days. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in shares of Science Applications International during the 2nd quarter worth approximately $2,963,000. Dana Investment Advisors Inc. raised its holdings in Science Applications International by 6.3% in the 2nd quarter. Dana Investment Advisors Inc. now owns 31,823 shares of the information technology services provider’s stock valued at $3,741,000 after acquiring an additional 1,879 shares during the last quarter. Aristides Capital LLC acquired a new position in Science Applications International in the 2nd quarter valued at $231,000. Cetera Investment Advisers raised its holdings in Science Applications International by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,060 shares of the information technology services provider’s stock valued at $2,240,000 after acquiring an additional 87 shares during the last quarter. Finally, Brandes Investment Partners LP raised its holdings in Science Applications International by 26.7% in the 2nd quarter. Brandes Investment Partners LP now owns 3,047 shares of the information technology services provider’s stock valued at $358,000 after acquiring an additional 642 shares during the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.