Science Applications International Corp (SAIC) Receives $92.40 Average PT from Analysts

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Science Applications International Corp (NYSE:SAIC) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $92.40.

A number of research analysts have recently commented on the company. Wells Fargo & Co increased their price target on Science Applications International from $70.00 to $77.00 and gave the company a “market perform” rating in a research note on Friday, March 29th. Citigroup assumed coverage on Science Applications International in a research note on Tuesday, February 19th. They issued a “buy” rating for the company. TheStreet cut Science Applications International from a “b” rating to a “c+” rating in a research note on Tuesday, April 9th. ValuEngine cut Science Applications International from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Zacks Investment Research cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th.

In related news, CEO Anthony J. Moraco sold 1,803 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total value of $135,225.00. Following the completion of the sale, the chief executive officer now directly owns 59,151 shares in the company, valued at $4,436,325. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.05% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIC. Royce & Associates LP acquired a new stake in Science Applications International during the 4th quarter worth about $36,000. Meeder Asset Management Inc. grew its holdings in Science Applications International by 23.7% during the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after acquiring an additional 202 shares during the period. Wilsey Asset Management Inc. acquired a new stake in Science Applications International during the 4th quarter worth about $144,000. Bank of Montreal Can grew its holdings in Science Applications International by 34.9% during the 1st quarter. Bank of Montreal Can now owns 2,557 shares of the information technology services provider’s stock worth $196,000 after acquiring an additional 662 shares during the period. Finally, LS Investment Advisors LLC grew its holdings in Science Applications International by 16.0% during the 1st quarter. LS Investment Advisors LLC now owns 2,757 shares of the information technology services provider’s stock worth $212,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 69.53% of the company’s stock.

NYSE SAIC traded up $0.35 on Thursday, hitting $73.99. 198,963 shares of the company’s stock were exchanged, compared to its average volume of 556,096. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 1.52. Science Applications International has a 52 week low of $58.19 and a 52 week high of $93.31. The stock has a market capitalization of $4.38 billion, a PE ratio of 14.68, a PEG ratio of 2.68 and a beta of 1.56.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.28. Science Applications International had a return on equity of 32.34% and a net margin of 2.94%. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Science Applications International will post 5.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, April 11th. Science Applications International’s dividend payout ratio is presently 29.37%.

Science Applications International Company Profile

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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Analyst Recommendations for Science Applications International (NYSE:SAIC)

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