Science Applications International (NASDAQ:SAIC – Get Free Report) had its price objective hoisted by Jefferies Financial Group from $130.00 to $140.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 10.79% from the company’s current price.
SAIC has been the subject of a number of other reports. The Goldman Sachs Group raised their target price on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research note on Friday, June 12th. BNP Paribas Exane began coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective for the company. Weiss Ratings upgraded shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. JPMorgan Chase & Co. raised their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, Truist Financial lifted their price target on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $124.44.
Check Out Our Latest Stock Analysis on SAIC
Science Applications International Price Performance
Science Applications International (NASDAQ:SAIC – Get Free Report) last issued its earnings results on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.70. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.76 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.63 EPS. Equities analysts forecast that Science Applications International will post 10.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Science Applications International
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC purchased a new stake in Science Applications International during the fourth quarter worth about $25,000. Transamerica Financial Advisors LLC increased its position in shares of Science Applications International by 477.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after acquiring an additional 215 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares in the last quarter. Wexford Capital LP acquired a new stake in Science Applications International in the third quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC acquired a new stake in Science Applications International during the 4th quarter valued at $35,000. 76.00% of the stock is owned by institutional investors and hedge funds.
More Science Applications International News
Here are the key news stories impacting Science Applications International this week:
- Positive Sentiment: SAIC reported fiscal second-quarter adjusted earnings of $3.01 per share, well above estimates of roughly $2.25–$2.31, while revenue rose 6.3% year over year to $1.88 billion, surpassing the $1.76 billion consensus. SAIC Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Management raised its fiscal 2027 outlook, projecting revenue of approximately $7.2 billion to $7.3 billion and adjusted EPS of $10.65 to $10.75. Second-quarter bookings were about $1.2 billion, with estimated backlog near $22.1 billion. SAIC Rises After Quarterly Beat and Higher Fiscal 2027 Guidance
- Positive Sentiment: Business momentum was broad-based: Civilian revenue increased 9% and Defense and Intelligence revenue grew 5%. A roughly $740 million Homeland Security recompete announced after quarter-end also supports future demand. A Better Quarter Strengthens the Value Case
- Neutral Sentiment: Analysts raised targets following the results, including Truist to $130 from $110 and UBS to $123 from $108. However, both firms maintained Hold/Neutral ratings, and their targets remain close to or below the recent trading level. SAIC Analysts Raise Their Forecasts
- Negative Sentiment: Despite the revenue and adjusted EPS beat, reported profit declined from $3.63 per share a year earlier, with higher taxes contributing to the earnings pressure. Adjusted EBITDA margin also weakened, tempering the bullish impact of the guidance increase. SAIC’s Earnings Dip on Higher Taxes
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.
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