Brokerages Set Science Applications International Co. (NYSE:SAIC) PT at $136.11

Shares of Science Applications International Co. (NYSE:SAIC) have been given an average recommendation of “Hold” by the nine ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $136.11.

SAIC has been the topic of a number of recent analyst reports. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. The Goldman Sachs Group reduced their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company cut their target price on Science Applications International from $149.00 to $139.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, Director Katharina G. Mcfarland sold 3,239 shares of Science Applications International stock in a transaction on Monday, January 13th. The shares were sold at an average price of $117.70, for a total value of $381,230.30. Following the completion of the sale, the director now owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Barbara Supplee acquired 425 shares of Science Applications International stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $116.36 per share, with a total value of $49,453.00. Following the purchase, the executive vice president now owns 3,579 shares in the company, valued at $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 Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC acquired a new stake in Science Applications International during the fourth quarter worth about $28,000. True Wealth Design LLC acquired a new stake in Science Applications International during the fourth quarter worth about $48,000. Kapitalo Investimentos Ltda acquired a new stake in Science Applications International during the fourth quarter worth about $58,000. Quarry LP acquired a new stake in Science Applications International during the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp grew its position in Science Applications International by 32.3% during the fourth quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock worth $71,000 after buying an additional 156 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Price Performance

Shares of NYSE:SAIC opened at $111.25 on Wednesday. The business’s fifty day moving average price is $108.03 and its two-hundred day moving average price is $123.89. The stock has a market cap of $5.44 billion, a PE ratio of 18.76 and a beta of 0.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. Science Applications International has a one year low of $94.68 and a one year high of $156.34.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, January 10th. Science Applications International’s payout ratio is 24.96%.

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.