Science Applications International (NYSE:SAIC) Price Target Increased to $157.00 by Analysts at Wells Fargo & Company

Science Applications International (NYSE:SAIC) had its target price boosted by Wells Fargo & Company from $122.00 to $157.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an equal weight rating on the information technology services provider’s stock.

SAIC has been the subject of several other reports. JPMorgan Chase & Co. raised shares of Science Applications International from a neutral rating to an overweight rating and increased their target price for the company from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Truist Financial upped their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the company a hold rating in a research note on Friday, September 6th. Barclays upped their price objective on shares of Science Applications International from $135.00 to $150.00 and gave the company an equal weight rating in a research note on Monday, September 16th. TD Cowen increased their price target on shares of Science Applications International from $145.00 to $155.00 and gave the stock a buy rating in a research note on Friday, September 6th. Finally, StockNews.com raised shares of Science Applications International from a hold rating to a buy rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average target price of $150.43.

Science Applications International Price Performance

NYSE SAIC opened at $144.50 on Friday. The company has a 50-day moving average price of $132.55 and a two-hundred day moving average price of $127.56. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 25.99 and a beta of 0.70. Science Applications International has a 52 week low of $105.97 and a 52 week high of $145.97. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $2.05 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts forecast that Science Applications International will post 8.2 EPS for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, October 11th. Science Applications International’s dividend payout ratio (DPR) is currently 26.62%.

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in Science Applications International in the 4th quarter valued at about $950,000. Twin Tree Management LP acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $649,000. HighPoint Advisor Group LLC acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $884,000. Cumberland Partners Ltd acquired a new stake in shares of Science Applications International during the 1st quarter worth approximately $652,000. Finally, Sei Investments Co. grew its position in shares of Science Applications International by 53.9% during the 1st quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock worth $11,284,000 after buying an additional 30,325 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.