Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $139.38

Shares of Science Applications International Co. (NYSE:SAIC) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $139.38.

A number of brokerages have recently issued reports on SAIC. JPMorgan Chase & Co. dropped their target price on Science Applications International from $170.00 to $148.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Citigroup increased their target price on Science Applications International from $160.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group began coverage on Science Applications International in a report on Monday, December 2nd. They issued a “neutral” rating and a $134.00 target price for the company. The Goldman Sachs Group dropped their target price on Science Applications International from $124.00 to $103.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Finally, TD Cowen lowered Science Applications International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $155.00 to $120.00 in a research report on Wednesday, January 8th.

Insider Buying and Selling at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Barbara Supplee acquired 425 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was purchased at an average price of $116.36 per share, for a total transaction 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 approximately $416,452.44. The trade was a 13.47 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of 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 worth $2,240,000 after purchasing an additional 87 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Science Applications International by 1.2% in the 2nd quarter. Bank of Montreal Can now owns 7,425 shares of the information technology services provider’s stock worth $878,000 after purchasing an additional 90 shares during the last quarter. Brookstone Capital Management boosted its position in shares of Science Applications International by 7.0% in the 4th quarter. Brookstone Capital Management now owns 2,430 shares of the information technology services provider’s stock worth $272,000 after purchasing an additional 160 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Science Applications International by 12.1% in the 3rd quarter. Blue Trust Inc. now owns 1,533 shares of the information technology services provider’s stock worth $214,000 after purchasing an additional 165 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Science Applications International by 438.5% in the 3rd quarter. UMB Bank n.a. now owns 210 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Trading Down 0.7 %

Science Applications International stock opened at $115.87 on Tuesday. The business has a 50 day moving average price of $118.97 and a two-hundred day moving average price of $127.82. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 19.54 and a beta of 0.66. Science Applications International has a 12 month low of $108.90 and a 12 month high of $156.34.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.28%. Science Applications International’s dividend payout ratio (DPR) 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.