Science Applications International (NYSE:SAIC) Stock Price Down 6.7% – Here’s Why

Science Applications International Co. (NYSE:SAIC)’s stock price fell 6.7% during trading on Monday . The stock traded as low as $103.50 and last traded at $102.7550. 231,442 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 492,904 shares. The stock had previously closed at $110.14.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SAIC shares. JPMorgan Chase & Co. upped their price target on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, December 5th. UBS Group upped their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Finally, Citigroup lifted their price target on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.70.

Science Applications International Stock Performance

The firm has a market capitalization of $4.71 billion, a P/E ratio of 17.60 and a beta of 0.28. The company has a 50-day moving average of $100.03 and a 200-day moving average of $103.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20.

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

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be given a $0.37 dividend. The ex-dividend date is Wednesday, January 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. Science Applications International’s payout ratio is 18.93%.

Insider Activity at Science Applications International

In other news, CEO James Reagan acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the completion of the transaction, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This represents a 3.93% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.44% of the company’s stock.

Institutional Trading of Science Applications International

A number of institutional investors have recently bought and sold shares of SAIC. Childress Capital Advisors LLC acquired a new position in shares of Science Applications International in the 4th quarter valued at about $360,000. LBP AM SA increased its holdings in Science Applications International by 39.1% in the fourth quarter. LBP AM SA now owns 80,767 shares of the information technology services provider’s stock worth $8,130,000 after purchasing an additional 22,692 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Science Applications International by 4.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 3,574 shares of the information technology services provider’s stock valued at $360,000 after buying an additional 160 shares during the period. OLIO Financial Planning bought a new position in shares of Science Applications International during the 4th quarter worth approximately $263,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Science Applications International by 19.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the information technology services provider’s stock worth $21,870,000 after buying an additional 35,814 shares during the period. Institutional investors own 76.00% of the company’s stock.

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.