Science Applications International (NYSE:SAIC) Trading Down 5.4% – Here’s Why

Science Applications International Co. (NYSE:SAIC)’s stock price was down 5.4% during mid-day trading on Wednesday . The company traded as low as $106.72 and last traded at $106.62. Approximately 201,575 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 466,644 shares. The stock had previously closed at $112.74.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SAIC shares. UBS Group raised their price target on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Citigroup lifted their price target on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $117.70.

Science Applications International Trading Down 4.7%

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 18.11 and a beta of 0.28. The business has a 50-day simple moving average of $97.02 and a two-hundred day simple moving average of $104.07.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the company posted $2.61 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, January 14th. Science Applications International’s dividend payout ratio is presently 18.93%.

Insider Buying and Selling

In related news, CEO James Reagan purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the completion of the purchase, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIC. LSV Asset Management grew its stake in Science Applications International by 20.2% in the 3rd quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock valued at $155,518,000 after buying an additional 263,006 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Science Applications International by 3.7% during the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the information technology services provider’s stock worth $150,947,000 after acquiring an additional 53,895 shares during the period. AQR Capital Management LLC grew its position in shares of Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock valued at $143,578,000 after purchasing an additional 347,456 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Science Applications International by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,174,062 shares of the information technology services provider’s stock worth $116,660,000 after purchasing an additional 19,599 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Science Applications International by 3.1% during the third quarter. Invesco Ltd. now owns 910,936 shares of the information technology services provider’s stock worth $90,520,000 after purchasing an additional 27,548 shares during the period. 76.00% of the stock is owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.