Science Applications International (NASDAQ:SAIC) Price Target Raised to $130.00

Science Applications International (NASDAQ:SAIC) had its target price hoisted by Truist Financial from $110.00 to $130.00 in a research note issued to investors on Tuesday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Other analysts have also issued reports about the stock. Citigroup upped their target price on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. JPMorgan Chase & Co. boosted their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. BNP Paribas Exane began coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Science Applications International from $137.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $124.44.

Science Applications International Price Performance

Shares of NASDAQ SAIC opened at $126.50 on Tuesday. The stock’s 50-day moving average is $119.78 and its two-hundred day moving average is $105.67. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.16. Science Applications International has a 1-year low of $81.08 and a 1-year high of $142.66. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 14.80 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings results on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.70. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.Science Applications International’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $3.63 EPS. Analysts forecast that Science Applications International will post 10.73 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. Science Applications International’s payout ratio is 17.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in Science Applications International by 10,238.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after buying an additional 5,467,211 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Science Applications International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock valued at $458,502,000 after acquiring an additional 15,272 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Science Applications International by 20.2% in 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 purchasing an additional 441,296 shares during the last quarter. First Trust Advisors LP raised its position in Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after purchasing an additional 393,344 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after purchasing an additional 185,066 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

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.