Science Applications International Corporation (NYSE:SAIC) Is Looking Good Over The Long Term, Gained Nearly 7.16% Over A Month. – Marketing Sentinel
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Science Applications International Corporation (NYSE:SAIC) Is Looking Good Over The Long Term, Gained Nearly 7.16% Over A Month.

In last trading session, Science Applications International Corporation (NYSE:SAIC) saw 0.36 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $89.05 trading at $2.19 or 2.52% at ring of the bell on the day assigns it a market valuation of $5.15B. That closing price of SAIC’s stock is at a discount of -16.73% from its 52-week high price of $103.95 and is indicating a premium of 12.8% from its 52-week low price of $77.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 299.39K if we extend that period to 3-months.

For Science Applications International Corporation (SAIC), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 10 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.22 in the current quarter.

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Science Applications International Corporation (NYSE:SAIC) trade information

Upright in the green during last session for gaining 2.52%, in the last five days SAIC remained trading in the green while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $89.05 price level, adding 0.04% to its value on the day. Science Applications International Corporation’s shares saw a change of 6.53% in year-to-date performance and have moved 3.37% in past 5-day. Science Applications International Corporation (NYSE:SAIC) showed a performance of 7.16% in past 30-days. Number of shares sold short was 0.88 million shares which calculate 2.88 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $100.50 to the stock, which implies a rise of 11.39% to its current value. Analysts have been projecting $80.00 as a low price target for the stock while placing it at a high target of $111.00. It follows that stock’s current price would drop -24.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.16% for stock’s current value.

Science Applications International Corporation (SAIC) estimates and forecasts

Statistics highlight that Science Applications International Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 3.44% of value to its shares in past 6 months, showing an annual growth rate of 10.85% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -26.90% in the current quarter and calculating -9.30% decrease in the next quarter. This year revenue growth is estimated to rise 4.70% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.78 billion for the same. And 3 analysts are in estimates of company making revenue of $1.92 billion in the next quarter that will end on Apr 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -7.00% while estimates for its earnings growth in next 5 years are of 5.30%.

SAIC Dividends

Science Applications International Corporation is more likely to be releasing its next quarterly report between March 23 and March 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.66%, the share has a forward dividend of 1.48 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.68%.

Science Applications International Corporation (NYSE:SAIC)’s Major holders

Insiders are in possession of 0.73% of company’s total shares while institution are holding 80.00 percent of that, with stock having share float percentage of 80.59%. Investors also watch the number of corporate investors in a company very closely, which is 80.00% institutions for Science Applications International Corporation that are currently holding shares of the company. Wellington Management Group, LLP is the top institutional holder at SAIC for having 6.17 million shares of worth $527.66 million. And as of Sep 29, 2021, it was holding 10.83% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.22 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 9.17% of outstanding shares, having a total worth of $446.77 million.

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On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.65 million shares of worth $140.91 million or 2.89% of the total outstanding shares. The later fund manager was in possession of 1.57 million shares on Oct 30, 2021, making its stake of worth around $140.7 million in the company or a holder of 2.75% of company’s stock.

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