Science Applications International Corporation (NASDAQ:SAIC) Given Consensus Rating of “Hold” by Brokerages

Science Applications International Corporation (NASDAQ:SAIC) has been assigned an average rating of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $111.4444.

A number of research firms have recently commented on SAIC. Stifel Nicolaus dropped their target price on Science Applications International from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. JPMorgan Chase & Co. raised their target price on Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday. BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a report on Sunday, April 12th. Finally, UBS Group lifted their price objective on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its holdings in Science Applications International by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock worth $16,454,000 after purchasing an additional 26,633 shares in the last quarter. Empowered Funds LLC raised its holdings in Science Applications International by 93.2% during the first quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after purchasing an additional 5,173 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 company’s stock worth $16,863,000 after purchasing an additional 7,816 shares in the last quarter. Focus Partners Wealth grew its position in Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock worth $326,000 after buying an additional 94 shares during the period. Finally, Baird Financial Group Inc. grew its position in Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock worth $1,952,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Stock Performance

Shares of SAIC opened at $116.57 on Friday. Science Applications International has a 12 month low of $81.08 and a 12 month high of $123.41. The stock has a fifty day moving average price of $97.90 and a 200-day moving average price of $97.44. The company has a current ratio of 1.16, a quick ratio of 1.20 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.93 billion, a PE ratio of 13.13 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities research analysts predict that Science Applications International will post 9.99 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be paid a $0.37 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.3%. Science Applications International’s payout ratio is 16.67%.

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.