Science Applications International (NASDAQ:SAIC) Given New $96.00 Price Target at The Goldman Sachs Group

Science Applications International (NASDAQ:SAIC) had its target price lifted by The Goldman Sachs Group from $85.00 to $96.00 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. UBS Group increased their price target on shares of Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Citigroup increased their price target on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Science Applications International from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Truist Financial reaffirmed a “hold” rating and set a $110.00 price target (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $114.00.

Science Applications International Stock Down 1.0%

Shares of NASDAQ SAIC opened at $113.81 on Friday. Science Applications International has a 1 year low of $81.08 and a 1 year high of $123.41. The firm’s 50 day moving average price is $99.99 and its 200 day moving average price is $98.54. The firm has a market cap of $4.81 billion, a P/E ratio of 12.82 and a beta of 0.30. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last announced 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. 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business earned $1.42 earnings per share. Science Applications International’s revenue was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, sell-side analysts anticipate that Science Applications International will post 10.18 earnings per share for the current 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 given a $0.37 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.48 annualized dividend and a yield of 1.3%. Science Applications International’s payout ratio is 16.67%.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in SAIC. Goldman Sachs Group Inc. increased its stake in Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after buying an additional 26,633 shares during the period. Empowered Funds LLC increased its stake in shares of Science Applications International by 93.2% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Science Applications International by 5.5% during the 1st 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 during the last quarter. Focus Partners Wealth increased its stake 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 worth $326,000 after purchasing an additional 94 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Science Applications International by 1.0% during the 2nd quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock worth $1,952,000 after purchasing an additional 171 shares during the last quarter. Institutional investors and hedge funds 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.