Science Applications International Corp (NYSE:SAIC) – Equities researchers at Jefferies Financial Group lowered their Q3 2021 earnings per share estimates for shares of Science Applications International in a research report issued on Wednesday, September 2nd. Jefferies Financial Group analyst S. Kahyaoglu now expects that the information technology services provider will post earnings per share of $1.52 for the quarter, down from their previous estimate of $1.56. Jefferies Financial Group also issued estimates for Science Applications International’s Q4 2021 earnings at $1.47 EPS.
Science Applications International (NYSE:SAIC) last announced its quarterly earnings data on Wednesday, September 2nd. The information technology services provider reported $1.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.19. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Science Applications International had a return on equity of 25.96% and a net margin of 3.00%. Science Applications International’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 EPS.
Several other equities analysts have also recently weighed in on the company. Wells Fargo & Co raised their price objective on Science Applications International from $85.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Citigroup lifted their price target on Science Applications International from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Science Applications International presently has an average rating of “Buy” and an average target price of $100.18.
Shares of NYSE SAIC opened at $82.13 on Monday. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 23.88 and a beta of 1.02. The business has a 50-day moving average of $80.70 and a 200-day moving average of $79.77. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.03 and a quick ratio of 0.93. Science Applications International has a fifty-two week low of $45.45 and a fifty-two week high of $96.80.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.48 annualized dividend and a yield of 1.80%. Science Applications International’s dividend payout ratio (DPR) is presently 26.15%.
In related news, CFO Charles Alexander Mathis acquired 1,450 shares of the business’s stock in a transaction on Friday, July 10th. The stock was purchased 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 approximately $1,688,880.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.86% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Science Applications International by 8.3% in the first quarter. Wellington Management Group LLP now owns 2,619,191 shares of the information technology services provider’s stock valued at $195,471,000 after buying an additional 201,653 shares in the last quarter. State Street Corp increased its stake in Science Applications International by 3.1% in the first quarter. State Street Corp now owns 1,749,555 shares of the information technology services provider’s stock valued at $130,569,000 after acquiring an additional 52,501 shares during the last quarter. Invesco Ltd. increased its stake in Science Applications International by 17.8% in the first quarter. Invesco Ltd. now owns 758,828 shares of the information technology services provider’s stock valued at $56,631,000 after acquiring an additional 114,724 shares during the last quarter. Geode Capital Management LLC increased its stake in Science Applications International by 7.8% in the first quarter. Geode Capital Management LLC now owns 745,419 shares of the information technology services provider’s stock valued at $55,630,000 after acquiring an additional 53,629 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Science Applications International by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 691,232 shares of the information technology services provider’s stock valued at $51,587,000 after acquiring an additional 12,979 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.
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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