Science Applications International (NASDAQ:SAIC) Given New $125.00 Price Target at TD Cowen

Science Applications International (NASDAQ:SAIC) had its target price cut by research analysts at TD Cowen from $130.00 to $125.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target indicates a potential upside of 8.54% from the company’s current price.

A number of other brokerages have also issued reports on SAIC. Stifel Nicolaus reduced their price target on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Truist Financial reiterated a “hold” rating and issued a $110.00 target price (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. The Goldman Sachs Group boosted their price target on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. Finally, Citigroup upped their price target on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $115.22.

Science Applications International Stock Up 0.4%

Shares of SAIC traded up $0.47 during trading on Tuesday, reaching $115.17. The company’s stock had a trading volume of 41,110 shares, compared to its average volume of 621,515. The company has a fifty day moving average of $103.65 and a two-hundred day moving average of $100.19. Science Applications International has a twelve month low of $81.08 and a twelve month high of $123.41. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 12.96 and a beta of 0.29. 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 (NASDAQ:SAIC) last released its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, sell-side analysts predict that Science Applications International will post 10.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Science Applications International during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC boosted its position in Science Applications International by 477.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after purchasing an additional 215 shares during the period. Rakuten Securities Inc. boosted its position in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares during the period. Wexford Capital LP acquired a new position in Science Applications International during the 3rd quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC bought a new position in Science Applications International during the 4th quarter worth $35,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

About Science Applications International

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.