Science Applications International Corp. (NYSE:SAIC) was upgraded by investment analysts at Drexel Hamilton from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $85.00 target price on the stock. Drexel Hamilton’s price objective suggests a potential upside of 4.47% from the stock’s previous close.
SAIC has been the subject of several other research reports. Zacks Investment Research upgraded shares of Science Applications International Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Wednesday, September 21st. Jefferies Group increased their price target on shares of Science Applications International Corp. from $68.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Citigroup Inc. increased their price target on shares of Science Applications International Corp. from $67.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Finally, Cowen and Company lowered shares of Science Applications International Corp. from an “outperform” rating to a “market perform” rating and increased their price target for the company from $64.00 to $71.00 in a research report on Friday, September 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.83.
Shares of Science Applications International Corp. (NYSE:SAIC) opened at 81.36 on Friday. Science Applications International Corp. has a one year low of $39.76 and a one year high of $82.18. The company has a market cap of $3.60 billion, a P/E ratio of 28.66 and a beta of 1.53. The company’s 50 day moving average is $69.47 and its 200 day moving average is $61.72.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, October 12th. Science Applications International Corp.’s dividend payout ratio (DPR) is presently 43.66%.
In related news, CEO Anthony J. Moraco sold 38,821 shares of Science Applications International Corp. stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $66.58, for a total value of $2,584,702.18. Following the transaction, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at $13,640,843.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Douglas Martin Wagoner sold 2,300 shares of Science Applications International Corp. stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $69.68, for a total transaction of $160,264.00. Following the completion of the transaction, the insider now directly owns 30,916 shares in the company, valued at $2,154,226.88. The disclosure for this sale can be found here. Company insiders own 2.28% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC purchased a new position in shares of Science Applications International Corp. during the second quarter valued at approximately $6,910,000. Ronna Sue Cohen boosted its stake in Science Applications International Corp. by 0.6% in the second quarter. Ronna Sue Cohen now owns 5,677 shares of the company’s stock valued at $331,000 after buying an additional 33 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Science Applications International Corp. by 1,180.6% in the second quarter. BNP Paribas Arbitrage SA now owns 20,759 shares of the company’s stock valued at $1,211,000 after buying an additional 19,138 shares during the period. Squarepoint Ops LLC boosted its stake in Science Applications International Corp. by 74.4% in the first quarter. Squarepoint Ops LLC now owns 21,864 shares of the company’s stock valued at $1,166,000 after buying an additional 9,325 shares during the period. Finally, Barclays PLC boosted its stake in Science Applications International Corp. by 806.1% in the first quarter. Barclays PLC now owns 5,917 shares of the company’s stock valued at $313,000 after buying an additional 5,264 shares during the period. 64.47% of the stock is currently owned by institutional investors.
Science Applications International Corp. Company Profile
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.
