Science Applications International Corporation (NASDAQ:SAIC) Receives Consensus Rating of “Hold” from Analysts

Shares of Science Applications International Corporation (NASDAQ:SAIC) have earned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $115.2222.

A number of equities analysts have issued reports on SAIC shares. TD Cowen lowered their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Weiss Ratings upgraded Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. The Goldman Sachs Group boosted their price target on shares of Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research report on Friday, June 12th. Citigroup raised their price target on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th.

Science Applications International Stock Up 3.7%

Science Applications International stock opened at $115.95 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. Science Applications International has a twelve month low of $81.08 and a twelve month high of $123.41. The firm’s 50 day moving average price is $108.36 and its two-hundred day moving average price is $101.18. The firm has a market cap of $4.90 billion, a PE ratio of 13.06 and a beta of 0.29.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, research analysts predict that Science Applications International will post 10.01 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio is presently 16.67%.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its stake in shares of Science Applications International by 43.9% in 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 last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Science Applications International by 19.9% during the fourth 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. LBP AM SA increased its position in shares of Science Applications International by 39.1% during the fourth quarter. LBP AM SA now owns 80,767 shares of the company’s stock worth $8,130,000 after acquiring an additional 22,692 shares during the period. Tudor Investment Corp ET AL raised its position in 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 in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Science Applications International by 16.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 79,787 shares of the company’s stock valued at $8,031,000 after acquiring an additional 11,306 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

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.