The Goldman Sachs Group Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its price target decreased by investment analysts at The Goldman Sachs Group from $94.00 to $82.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “sell” rating on the information technology services provider’s stock. The Goldman Sachs Group’s price target indicates a potential downside of 5.32% from the company’s current price.

Other research analysts have also issued research reports about the stock. Citigroup increased their price target on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price objective on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Finally, UBS Group increased their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.44.

Science Applications International Stock Up 3.8%

Shares of SAIC stock opened at $86.61 on Thursday. The stock has a market cap of $3.91 billion, a P/E ratio of 14.61 and a beta of 0.28. Science Applications International has a one year low of $81.08 and a one year high of $124.11. The stock has a fifty day moving average price of $102.68 and a 200 day moving average price of $102.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.51. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Analysts predict that Science Applications International will post 8.27 earnings per share for the current year.

Insider Activity

In other Science Applications International news, CEO James Reagan purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $100.17 per share, with a total value of $100,170.00. Following the completion of the acquisition, the chief executive officer directly owned 26,460 shares of the company’s stock, valued at $2,650,498.20. This represents a 3.93% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently modified their holdings of the stock. Cresset Asset Management LLC grew its stake in shares of Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider’s stock valued at $234,000 after purchasing an additional 88 shares during the last quarter. Focus Partners Wealth raised its position in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock worth $326,000 after purchasing an additional 94 shares during the last quarter. Lido Advisors LLC lifted its holdings in Science Applications International by 1.7% during the 2nd quarter. Lido Advisors LLC now owns 6,437 shares of the information technology services provider’s stock worth $725,000 after buying an additional 107 shares in the last quarter. International Assets Investment Management LLC boosted its position in Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the information technology services provider’s stock valued at $213,000 after buying an additional 111 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the information technology services provider’s stock valued at $319,000 after buying an additional 115 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.