Science Applications International (NASDAQ:SAIC) Shares Gap Up Following Earnings Beat

Science Applications International Corporation (NASDAQ:SAIC)’s share price gapped up before the market opened on Monday following a better than expected earnings announcement. The stock had previously closed at $104.20, but opened at $120.19. Science Applications International shares last traded at $117.53, with a volume of 220,227 shares.

The company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.97. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS.

Science Applications International Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.3%. Science Applications International’s dividend payout ratio is 19.25%.

Wall Street Analysts Forecast Growth

SAIC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Science Applications International from $125.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. The Goldman Sachs Group dropped their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a research note on Thursday, February 12th. Citigroup cut their price target on Science Applications International from $133.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Science Applications International has an average rating of “Hold” and an average price target of $109.20.

Institutional Trading of Science Applications International

Hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management boosted its position in Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after purchasing an additional 263,006 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Science Applications International by 43.9% during 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 raised its stake 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 company’s stock worth $21,870,000 after purchasing an additional 35,814 shares during the period. First Trust Advisors LP boosted its holdings in shares of Science Applications International by 3.7% in the 3rd quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after buying an additional 53,895 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Science Applications International by 76.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 219,655 shares of the company’s stock worth $21,827,000 after buying an additional 94,978 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Stock Performance

The company’s 50-day moving average is $96.43 and its two-hundred day moving average is $96.74. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The company has a market cap of $5.12 billion, a P/E ratio of 15.30 and a beta of 0.29.

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.