Science Applications International (NYSE:SAIC) Price Target Raised to $126.00 at UBS Group

Science Applications International (NYSE:SAIC) had its target price raised by UBS Group from $123.00 to $126.00 in a research report sent to investors on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the information technology services provider’s stock.

SAIC has been the topic of several other research reports. Wells Fargo & Company boosted their target price on Science Applications International from $139.00 to $148.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered their price target on Science Applications International from $170.00 to $148.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. The Goldman Sachs Group lowered their price target on Science Applications International from $124.00 to $103.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Cantor Fitzgerald raised Science Applications International to a “hold” rating in a research report on Tuesday, February 25th. Finally, StockNews.com raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $134.00.

Science Applications International Price Performance

Shares of SAIC opened at $105.98 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 1 year low of $94.68 and a 1 year high of $156.34. The stock has a market cap of $5.18 billion, a P/E ratio of 17.87 and a beta of 0.66. The stock’s 50-day moving average price is $107.21 and its two-hundred day moving average price is $122.67.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Monday, March 17th. The information technology services provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the business posted $1.43 EPS. Science Applications International’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts predict that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, April 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. Science Applications International’s payout ratio is 20.58%.

Insider Activity at Science Applications International

In other Science Applications International news, Director Katharina G. Mcfarland sold 3,239 shares of the business’s 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 owns 6,864 shares of the company’s stock, valued at approximately $807,892.80. The trade was a 32.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by insiders.

Institutional Trading of Science Applications International

Several hedge funds have recently made changes to their positions in SAIC. Cornerstone Planning Group LLC bought a new stake in shares of Science Applications International in the fourth quarter valued at $28,000. True Wealth Design LLC bought a new stake in shares of Science Applications International in the fourth quarter valued at $48,000. Kapitalo Investimentos Ltda bought a new stake in shares of Science Applications International in the fourth quarter valued at $58,000. Quarry LP bought a new stake in shares of Science Applications International during the 3rd quarter valued at $71,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Science Applications International by 32.3% during the 4th quarter. Jones Financial Companies Lllp now owns 639 shares of the information technology services provider’s stock valued at $71,000 after purchasing an additional 156 shares during the period. 76.00% of the stock is currently owned by 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.