Science Applications International Corp (NYSE:SAIC) has received an average recommendation of “Buy” from the eleven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $89.25.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Science Applications International from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research report on Friday. ValuEngine raised Science Applications International from a “sell” rating to a “hold” rating in a research report on Friday. Wells Fargo & Co raised Science Applications International from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $80.00 to $87.00 in a research report on Thursday. Goldman Sachs Group initiated coverage on Science Applications International in a research report on Thursday, May 9th. They set a “neutral” rating and a $77.00 target price on the stock. Finally, TheStreet lowered Science Applications International from a “b” rating to a “c+” rating in a research report on Tuesday, April 9th.

In related news, CEO Anthony J. Moraco sold 1,803 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $75.00, for a total transaction of $135,225.00. Following the transaction, the chief executive officer now directly owns 59,151 shares of the company’s stock, valued at $4,436,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.05% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of SAIC. Parkside Financial Bank & Trust boosted its position in Science Applications International by 6,740.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 342 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 337 shares during the last quarter. US Bancorp DE boosted its position in shares of Science Applications International by 108.9% in the 1st quarter. US Bancorp DE now owns 397 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 207 shares during the last quarter. Royce & Associates LP bought a new position in shares of Science Applications International in the 4th quarter worth $36,000. Advisor Group Inc. boosted its position in shares of Science Applications International by 470.1% in the 1st quarter. Advisor Group Inc. now owns 952 shares of the information technology services provider’s stock worth $74,000 after purchasing an additional 785 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Science Applications International by 23.7% in the 1st quarter. Meeder Asset Management Inc. now owns 1,053 shares of the information technology services provider’s stock worth $81,000 after purchasing an additional 202 shares during the last quarter. 69.53% of the stock is currently owned by institutional investors.

Shares of NYSE:SAIC traded up $0.43 during trading on Monday, reaching $78.73. The stock had a trading volume of 5,511 shares, compared to its average volume of 387,247. Science Applications International has a one year low of $58.19 and a one year high of $93.31. The stock has a market capitalization of $4.61 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.82 and a beta of 1.52. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.52 and a current ratio of 1.60.

Science Applications International (NYSE:SAIC) last released its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.28. Science Applications International had a net margin of 2.94% and a return on equity of 32.34%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business earned $1.16 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. On average, research analysts forecast that Science Applications International will post 5.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.88%. This is a positive change from Science Applications International’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, April 11th. Science Applications International’s 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.

Further Reading: Institutional Investors

Analyst Recommendations for Science Applications International (NYSE:SAIC)

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