Shares of Science Applications International Corp (NYSE:SAIC) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $100.00.
Separately, Citigroup boosted their price objective on Science Applications International from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd.
In related news, CFO Charles Alexander Mathis acquired 1,450 shares of the stock in a transaction dated Friday, July 10th. The stock was bought at an average cost of $69.80 per share, for a total transaction of $101,210.00. Following the completion of the transaction, the chief financial officer now directly owns 24,196 shares of the company’s stock, valued at $1,688,880.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.86% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of Science Applications International in the 2nd quarter valued at about $29,000. Private Advisor Group LLC bought a new stake in shares of Science Applications International in the 2nd quarter valued at $34,000. US Bancorp DE lifted its position in shares of Science Applications International by 45.9% during the 1st quarter. US Bancorp DE now owns 566 shares of the information technology services provider’s stock valued at $41,000 after acquiring an additional 178 shares during the period. Meeder Asset Management Inc. boosted its stake in Science Applications International by 48.2% during the first quarter. Meeder Asset Management Inc. now owns 1,561 shares of the information technology services provider’s stock worth $117,000 after acquiring an additional 508 shares in the last quarter. Finally, Stephenson National Bank & Trust grew its holdings in Science Applications International by 21.8% in the second quarter. Stephenson National Bank & Trust now owns 1,919 shares of the information technology services provider’s stock worth $149,000 after purchasing an additional 343 shares during the period. 75.93% of the stock is currently owned by institutional investors.
SAIC opened at $78.42 on Thursday. The company has a market cap of $4.56 billion, a P/E ratio of 22.80 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 1.83. The company’s 50 day moving average is $81.03 and its 200-day moving average is $78.76. Science Applications International has a 1-year low of $45.45 and a 1-year high of $96.80.
Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Wednesday, September 2nd. The information technology services provider reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.19. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a net margin of 3.00% and a return on equity of 25.96%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. On average, equities analysts forecast that Science Applications International will post 6.08 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, October 15th. Science Applications International’s dividend payout ratio is currently 26.15%.
About Science Applications International
Science Applications International Corp. engages in the provision of full life cycle services and solutions in the technical, engineering, intelligence, and enterprise information technology markets. It offers technology and equipment platform integration; maintenance of ground and maritime systems; logistics; training and simulation; operation and program support services; and end-to-end services such as the design, development, integration, deployment, management and operations, and sustainment and security of its customer’s information technology infrastructure.
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