Science Applications International Corp (NYSE:SAIC) has received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $96.00.
SAIC has been the topic of a number of analyst reports. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Vertical Research raised Science Applications International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $83.00 to $108.00 in a report on Friday, March 29th. Morgan Stanley reissued a “neutral” rating and issued a $230.00 price objective on shares of Tesla in a report on Wednesday, June 12th. Zacks Investment Research raised HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, Wells Fargo & Co set a $40.00 price objective on Greif and gave the company a “hold” rating in a report on Friday, June 7th.
Shares of NYSE SAIC traded up $0.80 during midday trading on Tuesday, reaching $87.31. 478,579 shares of the company’s stock were exchanged, compared to its average volume of 475,952. Science Applications International has a 52-week low of $58.19 and a 52-week high of $93.31. The company has a market capitalization of $5.17 billion, a PE ratio of 17.32, a PEG ratio of 2.89 and a beta of 1.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.30 and a quick ratio of 1.18. The stock’s fifty day moving average price is $84.21.
Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, June 6th. The information technology services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.15. Science Applications International had a return on equity of 25.89% and a net margin of 2.80%. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 37.4% compared to the same quarter last year. As a group, analysts expect that Science Applications International will post 5.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.70%. Science Applications International’s payout ratio is currently 29.37%.
In other Science Applications International news, CEO Anthony J. Moraco sold 14,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $85.65, for a total transaction of $1,199,100.00. Following the sale, the chief executive officer now directly owns 65,798 shares of the company’s stock, valued at approximately $5,635,598.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Anthony J. Moraco sold 12,694 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $85.87, for a total transaction of $1,090,033.78. Following the completion of the transaction, the chief executive officer now directly owns 47,661 shares in the company, valued at $4,092,650.07. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc increased its stake in Science Applications International by 7.0% in the third quarter. Vanguard Group Inc now owns 5,404,860 shares of the information technology services provider’s stock worth $435,631,000 after purchasing an additional 352,533 shares during the period. BlackRock Inc. increased its stake in shares of Science Applications International by 2.7% during the fourth quarter. BlackRock Inc. now owns 4,850,232 shares of the information technology services provider’s stock valued at $308,958,000 after buying an additional 127,029 shares during the period. Texas Permanent School Fund increased its stake in shares of Science Applications International by 4.2% during the fourth quarter. Texas Permanent School Fund now owns 27,840 shares of the information technology services provider’s stock valued at $1,773,000 after buying an additional 1,133 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Science Applications International by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,677 shares of the information technology services provider’s stock valued at $297,000 after buying an additional 208 shares during the period. Finally, Royce & Associates LP purchased a new position in shares of Science Applications International during the fourth quarter valued at $36,000. 75.52% of the stock is owned by institutional investors and hedge funds.
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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