Science Applications International (NYSE:SAIC) Announces Quarterly Earnings Results

Science Applications International (NYSE:SAIC) issued its quarterly earnings results on Monday. The information technology services provider reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.25), RTT News reports. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.92 earnings per share. Science Applications International updated its FY 2026 guidance to 9.100-9.300 EPS.

Science Applications International Stock Performance

Shares of SAIC stock opened at $100.22 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average of $117.06 and a 200 day moving average of $113.23. Science Applications International has a 1 year low of $94.68 and a 1 year high of $156.34. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 16.90 and a beta of 0.55.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, July 11th. Science Applications International’s dividend payout ratio is currently 20.58%.

Insider Activity

In other Science Applications International news, CEO Toni Townes-Whitley bought 2,000 shares of Science Applications International stock in a transaction on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the acquisition, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. This represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carolyn B. Handlon purchased 230 shares of the business’s stock in a transaction on Monday, April 7th. The stock was acquired at an average price of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now owns 4,032 shares of the company’s stock, valued at $443,237.76. This represents a 6.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 3,260 shares of company stock valued at $365,037 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently modified their holdings of SAIC. Focus Partners Wealth increased its holdings in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock worth $326,000 after buying an additional 94 shares during the last quarter. Empowered Funds LLC lifted its holdings in Science Applications International by 93.2% in the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the information technology services provider’s stock valued at $1,204,000 after acquiring an additional 5,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Science Applications International by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the information technology services provider’s stock worth $16,863,000 after purchasing an additional 7,816 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Science Applications International by 22.2% in the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the information technology services provider’s stock worth $16,454,000 after purchasing an additional 26,633 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Science Applications International from $148.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on Science Applications International from $148.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Cantor Fitzgerald upgraded shares of Science Applications International to a “hold” rating in a research note on Tuesday, February 25th. UBS Group upped their price objective on shares of Science Applications International from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 18th. Finally, Truist Financial reduced their price objective on shares of Science Applications International from $135.00 to $115.00 and set a “hold” rating on the stock in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $131.20.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.