Science Applications International Corporation (SAIC) Receives $80.33 Average Price Target from Analysts

Shares of Science Applications International Corporation (NYSE:SAIC) have been assigned an average rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $80.33.

Several analysts recently weighed in on SAIC shares. Cowen and Company restated a “hold” rating and set a $75.00 price objective on shares of Science Applications International Corporation in a research report on Friday, September 8th. Seaport Global Securities reaffirmed a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Science Applications International Corporation in a report on Friday, September 8th. Citigroup Inc. raised Science Applications International Corporation from a “neutral” rating to a “buy” rating in a report on Monday, October 23rd. BidaskClub cut Science Applications International Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $66.00 target price on shares of Science Applications International Corporation in a report on Tuesday, October 24th.

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In other Science Applications International Corporation news, COO Nazzic S. Keene sold 18,772 shares of the company’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $68.85, for a total value of $1,292,452.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.94% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of SAIC. Koch Industries Inc. acquired a new stake in shares of Science Applications International Corporation in the second quarter valued at about $600,000. ETF Managers Group LLC acquired a new stake in shares of Science Applications International Corporation in the second quarter valued at about $39,049,000. Vanguard Group Inc. increased its stake in shares of Science Applications International Corporation by 5.2% in the second quarter. Vanguard Group Inc. now owns 5,096,976 shares of the information technology services provider’s stock valued at $353,833,000 after buying an additional 250,102 shares during the period. Prudential Financial Inc. increased its stake in shares of Science Applications International Corporation by 80.7% in the second quarter. Prudential Financial Inc. now owns 544,348 shares of the information technology services provider’s stock valued at $37,788,000 after buying an additional 243,080 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Science Applications International Corporation by 54.8% in the third quarter. Schwab Charles Investment Management Inc. now owns 435,994 shares of the information technology services provider’s stock valued at $29,147,000 after buying an additional 154,429 shares during the period. 62.60% of the stock is owned by institutional investors.

Shares of Science Applications International Corporation (NYSE:SAIC) traded up $1.64 during mid-day trading on Thursday, hitting $71.74. The company had a trading volume of 408,227 shares, compared to its average volume of 318,983. The company has a current ratio of 1.41, a quick ratio of 1.23 and a debt-to-equity ratio of 3.10. Science Applications International Corporation has a twelve month low of $60.21 and a twelve month high of $89.87. The company has a market cap of $3,100.00, a P/E ratio of 18.79, a P/E/G ratio of 3.88 and a beta of 1.63.

Science Applications International Corporation (NYSE:SAIC) last announced its quarterly earnings data on Thursday, September 7th. The information technology services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Science Applications International Corporation had a return on equity of 48.69% and a net margin of 3.77%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. Science Applications International Corporation’s quarterly revenue was down 1.6% compared to the same quarter last year. analysts anticipate that Science Applications International Corporation will post 3.55 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were issued a $0.31 dividend. The ex-dividend date was Thursday, October 12th. This represents a $1.24 dividend on an annualized basis and a yield of 1.73%. Science Applications International Corporation’s payout ratio is presently 34.54%.

About Science Applications International Corporation

Science Applications International Corporation (SAIC) is a provider of technical, engineering and enterprise information technology (IT) services. The Company provides its services primarily to the United States Government, including the Department of Defense (DoD), the intelligence community and federal civilian agencies.

Analyst Recommendations for Science Applications International Corporation (NYSE:SAIC)

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