Science Applications International (NYSE:SAIC) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Science Applications International (NYSE:SAIC) in a research note released on Monday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $134.00 price objective on the information technology services provider’s stock.

SAIC has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded shares of Science Applications International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $150.00 to $170.00 in a research note on Wednesday, October 2nd. Truist Financial increased their price objective on shares of Science Applications International from $125.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. TD Cowen increased their price objective 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. Wells Fargo & Company upgraded shares of Science Applications International from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $157.00 to $147.00 in a research note on Tuesday, November 26th. Finally, StockNews.com lowered shares of Science Applications International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $147.13.

Science Applications International Trading Up 0.7 %

NYSE SAIC opened at $123.91 on Monday. The company has a fifty day simple moving average of $138.80 and a two-hundred day simple moving average of $129.68. The stock has a market cap of $6.14 billion, a P/E ratio of 22.29 and a beta of 0.64. Science Applications International has a 12-month low of $112.00 and a 12-month high of $156.34. 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 posted its quarterly earnings results on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a net margin of 3.97% and a return on equity of 22.88%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $2.05 earnings per share. On average, analysts forecast that Science Applications International will post 8.21 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.48 annualized dividend and a yield of 1.19%. Science Applications International’s dividend payout ratio is presently 26.62%.

Hedge Funds Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Science Applications International by 1.0% during the third quarter. State Street Corp now owns 1,577,757 shares of the information technology services provider’s stock valued at $219,734,000 after purchasing an additional 15,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Science Applications International by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,108,748 shares of the information technology services provider’s stock worth $130,333,000 after buying an additional 56,414 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Science Applications International by 1.9% in the third quarter. Geode Capital Management LLC now owns 985,105 shares of the information technology services provider’s stock worth $137,227,000 after buying an additional 18,102 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Science Applications International by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 557,299 shares of the information technology services provider’s stock worth $65,511,000 after buying an additional 25,807 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Science Applications International by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 518,915 shares of the information technology services provider’s stock worth $72,269,000 after buying an additional 6,780 shares in the last quarter. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.