Investors received a research report on Wednesday that changed the buy rating from a weak-buy to a strong buy.
Other equity analysts have also published research reports on the company. Citigroup cut its price target for Science Applications International on Tuesday, 4th April from $141.00 down to $127.00. They also set a Buy rating on the stock. Wells Fargo & Company reduced their price target for Science Applications International on Tuesday, 4th April from $121.00 down to $118.00. They also set an equal-weight rating on the stock. Truist Financial reduced their price target for Science Applications International on Tuesday, 6th June from $120.00 up to $115.00. Goldman Sachs Group raised their price target for Science Applications International to $97.00 in a research report on Wednesday, 4th April. The company was also given a sell rating. Stifel Nicolaus raised their price target for Science Applications International to $112.00 from $110.00 in a research report on Tuesday, April 11. The company was also given a hold rating. One analyst gave the company a sell recommendation, four issued a "hold" rating, and one issued a "buy" rating. The stock opened at $114.35 Wednesday. The stock's 50-day moving is $105.28, and its 200 day moving is $105.48. The company's debt-to equity ratio is 1.38. Its quick ratio is 1.03, and its current ratio is 1.08. The market cap of the stock is $6.14 billion. It has a PE of 19.45, and a beta value of 0.74. Science Applications International's 52-week low is $87.93, and its 52-week high is $117.94.
The last time ) announced its results was on Monday, 5th June. The provider of information technology services reported a $2.14 per share earnings for the third quarter, exceeding the consensus estimate by $0.31. Revenue for the quarter was $2.03 billion, which is higher than analysts' expectations of $1.9 billion. Science Applications International's return on equity was 25.68%, and its net margin was 4.20%. Revenue for the quarter increased 1.6% year-over-year. In the same quarter of the previous year, the company earned $1.88 per share. Analysts at Equities Research expect Science Applications International to post 7.11 earnings per share for the current fiscal.
Science Applications International Announces Dividend
Recently, the business announced that it will pay a quarterly distribution on Friday, 28th July. Dividends will be paid to shareholders who were in the record on Friday July 14th. This is a $1.48 dividend with a yield 1.29%. This dividend will be paid on Thursday, 13th July. Science Applications International has a payout ratio of 25.17%.
Insiders' Buying and selling at Science Applications International
Insider Robert S. Genter has sold 3,000 shares in the company's stock. The transaction was made on Monday, 12th June. The stock was bought at an average of $107.70 for a transaction totaling $323,100.00. The insider owns 58.655 shares worth $6,317.143.50 after the sale. Insiders hold 1.29% the stock of a company.
Institutional Investors Take a Stand on Science Applications International
Recently, hedge funds changed their positions in the company. Mendota Financial Group LLC purchased a stake in Science Applications International shares during the first quarter, valued at about $28,000. Van ECK Associates Corp purchased a new stake in Science Applications International shares during the first three months of about $30,000. BOKF NA purchased a new position of shares in Science Applications International for about $31,000 during the first three months. Global Wealth Strategies & Associates purchased a new position of shares in Science Applications International for about $46,000 during the fourth quarter. Fiduciary Alliance LLC also bought shares of Science Applications International in the fourth quarter, worth approximately $55,000. 77.09% of Science Applications International's stock is owned by institutional investors and hedge fund.
About Science Applications International
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Science Applications International Corporation is a provider of technical, engineering and enterprise IT services, primarily in the United States. The company offers a range of services including engineering, technology integration, IT modernization, maintenance of ground- and maritime-based systems, logistics, training and simulation, operation and program support, and end-toend services such as design and development, integration and deployment, management, operations and security, sustainment and management of the IT infrastructure of its clients, as well managed services, enterprise IT as a service solutions, infrastructure modernization and cloud migration.
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