Science Applications International (NASDAQ:SAIC) Price Target Raised to $96.00

Science Applications International (NASDAQ:SAIC) had its price target boosted by equities research analysts at The Goldman Sachs Group from $85.00 to $96.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential downside of 16.06% from the stock’s current price.

Several other analysts also recently issued reports on SAIC. BNP Paribas Exane began coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. UBS Group raised their price target on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Truist Financial reissued a “hold” rating and issued a $110.00 price target (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus target price of $114.00.

Science Applications International Stock Performance

Shares of SAIC traded down $0.57 during mid-day trading on Friday, hitting $114.36. The stock had a trading volume of 148,114 shares, compared to its average volume of 608,986. The company has a market cap of $4.84 billion, a PE ratio of 12.87 and a beta of 0.30. The company’s fifty day simple moving average is $99.66 and its two-hundred day simple moving average is $98.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $123.41.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities analysts expect that Science Applications International will post 10.18 earnings per share for the current year.

Institutional Trading of Science Applications International

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in shares of Science Applications International by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock valued at $17,485,000 after purchasing an additional 53,684 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Science Applications International by 19.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock valued at $21,870,000 after purchasing an additional 35,814 shares during the period. First Trust Advisors LP increased its position in shares of Science Applications International by 3.7% during the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock valued at $150,947,000 after purchasing an additional 53,895 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Science Applications International by 186.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 88,426 shares of the company’s stock valued at $8,787,000 after purchasing an additional 57,546 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in shares of Science Applications International by 16.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 79,787 shares of the company’s stock valued at $8,031,000 after purchasing an additional 11,306 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.