Science Applications International (NYSE:SAIC) Price Target Increased to $112.00 by Analysts at Stifel Nicolaus

Stifel Nicolaus has a current hold rating for the stock of this information technology services provider.

Science Applications International was downgraded from a strong buy to a purchase rating in a report published on April 10th. Morgan Stanley changed the rating of Science Applications International on Tuesday, January 3, from overweight to equal weight and raised their price target from $108.00 up to $114.00. Goldman Sachs Group raised their price target for Science Applications International to $97.00 in a report published on Wednesday, 4th April. The company was also given a sell recommendation. Wells Fargo & Company lowered their price target for Science Applications International to $118.00 from $121.50 in a report published on Tuesday, 4th April. They also assigned an equal-weight rating to the stock. Citigroup, in a note of research published on Tuesday, April 4, lowered its price target for Science Applications International, from $141.00 down to $127.00, and assigned a buy rating to the company. Five analysts have given the stock a hold and three others have given it a buy rating. The stock opened at $107.93 Tuesday. The company has a $5.85 billion market cap, a P/E of 20.06, and a beta value of 0.70. Science Applications International's 52-week low is $79.33, and its 52-week high is $117.94. The 50-day moving price of the business is $106.42, and its 200 day moving price is $105.28. The debt-to equity ratio is 1.38. There are also quick ratios of 1.00, and current ratios of 1.06.

The last time ) released its quarterly earnings was on Monday, 3rd April. Information technology services provider, reported $2.04 per share in earnings for the third quarter. This was $0.41 more than analysts' expectations of $1.63. Science Applications International's return on equity was 25.20 % and its net margin was 3.89%. The company had a revenue of $1.97billion for the quarter compared with analyst estimates of $1.8billion. In the same time period last year the company had a $1.50 per share earnings. Revenues for the quarter were up 10.4% from last year's same period. Analysts expect Science Applications International to post an average 6.92 earnings per shares for the current fiscal year.

Science Applications International Dividend Announcement

A quarterly dividend was also declared by the firm and will be paid out on Friday, 28th April. Dividends will be paid to shareholders who were in the record on Friday, 14th April. This is a $1.48 dividend with a yield of 1.37 percent. The ex-dividend day is Thursday, the 13th of April. Science Applications International has a dividend payout ratio of 27.51%.

Insider Transactions at Science Applications International

On Thursday, April 13, the company sold 1,193 of its shares. Stock was sold for $108.48 on average, bringing in a total of $129,416.64. After the transaction was completed, the director owns 8,813 shares of the company valued at $847.554.24. Insider Michael W. Larouche, in other Science Applications International News, sold 6,000 shares the company's stock on Thursday, April 13th. Stock was sold for $643,140.00, or an average price per share of $107.19. The insider owns 49.192 shares, worth $5,272,890.48, after the sale. Katharina Mcfarland, the director of the company, sold 1,193 stock shares in a deal that took place on Thursday, April 13th. The shares were sold for an average price $108.48 and a total of $129,416.64. After the sale, the director owns directly 7,813 shares in the company, worth approximately $847.554.24. Insiders have sold 33,430 company shares worth $3,589623, over the past quarter. Insiders own 1.12% of company stock.

Institutional Trading of Science Applications International

Recently, several hedge funds bought and sold the stock. Thrivent Financial for Protestants increased its holdings of Science Applications International during the third-quarter by 0.6%. Thrivent Financial for Lutherans owns now 14,738 shares valued at $1303,000 of the stock of the provider of information technology services after buying an additional 94 during the period. Rockefeller Capital Management L.P. increased its stake in Science Applications International shares by 2.6% during the fourth quarter. Rockefeller Capital Management L.P. owns now 3,806 shares worth $421,000 of the stock of the provider of information technology services after adding 95 shares to its portfolio during the period. Mercer Global Advisors Inc. ADV increased its stake in Science Applications International shares by 3.0% during the fourth quarter. Mercer Global Advisors Inc. ADV owns 3,312 of the stock of the provider of information technology services, worth $367,000. This is after acquiring 96 additional shares. NorthCrest Asset Manangement LLC increased its stake in Science Applications International shares by 1.5% during the fourth quarter. NorthCrest Asset Manangement LLC owns 6,800 of the stock of the IT services provider, worth $754,000. This is after adding 100 additional shares. Exchange Traded Concepts LLC increased its stake in Science Applications International shares by 1.6% during the fourth quarter. Exchange Traded Concepts LLC owns 6,738 of the stock of the IT services provider, worth $747,000. This is after adding 107 additional shares. 76.40% is owned by institutional investors.

About Science Applications International

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Science Applications International Corp. provides technical, engineering, and enterprise IT (information technology) services. Its services include engineering, systems-integration and information-technology offerings for large and complex government projects.

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