Science Applications International (NASDAQ:SAIC) Price Target Raised to $96.00

Science Applications International (NASDAQ:SAIC) had its target price boosted by equities research analysts at The Goldman Sachs Group from $85.00 to $96.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 16.06% from the company’s current price.

A number of other equities analysts have also recently issued reports on SAIC. Weiss Ratings restated a “hold (c-)” rating on shares of Science Applications International in a report on Friday, March 27th. JPMorgan Chase & Co. lifted their target price on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Citigroup lifted their target price on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. UBS Group lifted their target price on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Science Applications International from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Science Applications International presently has an average rating of “Hold” and an average price target of $114.00.

Science Applications International Price Performance

Shares of NASDAQ SAIC traded down $0.57 during mid-day trading on Friday, reaching $114.36. The company had a trading volume of 148,114 shares, compared to its average volume of 608,986. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.84 billion, a PE ratio of 12.87 and a beta of 0.30. The company has a 50-day moving average price of $99.66 and a two-hundred day moving average price of $98.43. Science Applications International has a 1-year low of $81.08 and a 1-year high of $123.41.

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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities analysts anticipate that Science Applications International will post 10.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of Science Applications International by 17.5% during the first quarter. Bank of America Corp DE now owns 380,538 shares of the company’s stock valued at $36,121,000 after buying an additional 56,720 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Science Applications International by 134.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the company’s stock valued at $179,000 after buying an additional 1,081 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Science Applications International by 17.3% during the first quarter. California State Teachers Retirement System now owns 53,399 shares of the company’s stock valued at $5,069,000 after buying an additional 7,860 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Science Applications International by 12.9% during the first quarter. Royal Bank of Canada now owns 21,497 shares of the company’s stock valued at $2,040,000 after buying an additional 2,460 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Science Applications International by 65.8% during the first quarter. Empowered Funds LLC now owns 10,540 shares of the company’s stock valued at $1,000,000 after buying an additional 4,182 shares in the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

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.