Science Applications International (NASDAQ:SAIC – Get Free Report) had its price target lifted by Jefferies Financial Group from $130.00 to $140.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 10.79% from the stock’s current price.
Several other brokerages also recently commented on SAIC. TD Cowen reaffirmed a “hold” rating on shares of Science Applications International in a research report on Monday. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Sunday. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Truist Financial upped their target price on shares of Science Applications International from $110.00 to $130.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, UBS Group boosted their target price on Science Applications International from $108.00 to $123.00 and gave the stock a “neutral” rating in a report on Tuesday. Two 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’s stock. According to MarketBeat.com, Science Applications International has a consensus rating of “Hold” and an average price target of $124.44.
Check Out Our Latest Analysis on SAIC
Science Applications International Price Performance
Science Applications International (NASDAQ:SAIC – Get Free Report) last posted its earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, topping the consensus estimate of $2.31 by $0.70. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $3.63 earnings per share. On average, equities analysts forecast that Science Applications International will post 10.01 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in shares of Science Applications International during the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC boosted its position in shares of Science Applications International by 477.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after purchasing an additional 215 shares during the last quarter. Wexford Capital LP acquired a new stake in shares of Science Applications International during the third quarter worth $29,000. Rakuten Securities Inc. increased its holdings in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Science Applications International in the fourth quarter valued at about $35,000. Institutional investors own 76.00% of the company’s stock.
More Science Applications International News
Here are the key news stories impacting Science Applications International this week:
- Positive Sentiment: SAIC reported fiscal second-quarter adjusted earnings of $3.01 per share, well above estimates of roughly $2.25–$2.31, while revenue rose 6.3% year over year to $1.88 billion, surpassing the $1.76 billion consensus. SAIC Tops Q2 Earnings and Revenue Estimates
- Positive Sentiment: Management raised its fiscal 2027 outlook, projecting revenue of approximately $7.2 billion to $7.3 billion and adjusted EPS of $10.65 to $10.75. Second-quarter bookings were about $1.2 billion, with estimated backlog near $22.1 billion. SAIC Rises After Quarterly Beat and Higher Fiscal 2027 Guidance
- Positive Sentiment: Business momentum was broad-based: Civilian revenue increased 9% and Defense and Intelligence revenue grew 5%. A roughly $740 million Homeland Security recompete announced after quarter-end also supports future demand. A Better Quarter Strengthens the Value Case
- Neutral Sentiment: Analysts raised targets following the results, including Truist to $130 from $110 and UBS to $123 from $108. However, both firms maintained Hold/Neutral ratings, and their targets remain close to or below the recent trading level. SAIC Analysts Raise Their Forecasts
- Negative Sentiment: Despite the revenue and adjusted EPS beat, reported profit declined from $3.63 per share a year earlier, with higher taxes contributing to the earnings pressure. Adjusted EBITDA margin also weakened, tempering the bullish impact of the guidance increase. SAIC’s Earnings Dip on Higher Taxes
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.
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