Science Applications International Corporation (NASDAQ:SAIC) Given Consensus Recommendation of “Hold” by Analysts

Science Applications International Corporation (NASDAQ:SAIC) has received an average recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $110.7778.

SAIC has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday. JPMorgan Chase & Co. lowered their target price on Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a report on Thursday, February 12th. Finally, Citigroup reduced their price target on Science Applications International from $133.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd.

Science Applications International Trading Up 1.8%

Science Applications International stock opened at $96.20 on Thursday. The business has a 50-day simple moving average of $93.60 and a two-hundred day simple moving average of $96.81. Science Applications International has a 52-week low of $81.08 and a 52-week high of $124.11. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The company has a market cap of $4.18 billion, a P/E ratio of 12.51 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, March 16th. The company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the firm posted $2.57 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, April 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.5%. Science Applications International’s payout ratio is 19.25%.

Hedge Funds Weigh In On Science Applications International

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Science Applications International in the fourth quarter worth $53,403,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after buying an additional 441,296 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Science Applications International by 25.9% during the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after buying an additional 393,344 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after buying an additional 347,456 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in Science Applications International in the 2nd quarter worth $31,271,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.