Science Applications International (NASDAQ:SAIC) Price Target Lowered to $125.00 at TD Cowen

Science Applications International (NASDAQ:SAIC) had its target price cut by equities research analysts at TD Cowen from $130.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target points to a potential upside of 8.54% from the stock’s current price.

Several other brokerages also recently issued reports on SAIC. The Goldman Sachs Group boosted their price objective on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research report on Friday, June 12th. Truist Financial restated a “hold” rating and issued a $110.00 target price (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. UBS Group boosted their price target on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Finally, BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Science Applications International has an average rating of “Hold” and a consensus target price of $115.22.

Science Applications International Stock Performance

NASDAQ:SAIC traded up $0.47 during mid-day trading on Tuesday, hitting $115.17. The stock had a trading volume of 41,110 shares, compared to its average volume of 621,515. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.96 and a beta of 0.29. The company has a 50 day simple moving average of $103.65 and a 200-day simple moving average of $100.19. Science Applications International has a 52 week low of $81.08 and a 52 week high of $123.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. Science Applications International’s quarterly revenue was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, research analysts expect that Science Applications International will post 10.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its position in Science Applications International by 4.4% in the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock worth $234,000 after purchasing an additional 88 shares during the period. Focus Partners Wealth increased its position in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after purchasing an additional 94 shares during the period. International Assets Investment Management LLC increased its position in shares of Science Applications International by 5.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock valued at $213,000 after purchasing an additional 111 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after buying an additional 115 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Science Applications International by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock valued at $3,067,000 after buying an additional 151 shares during the period. Institutional investors own 76.00% of the company’s stock.

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.