Science Applications International (NASDAQ:SAIC) Rating Increased to Strong-Buy at Wall Street Zen

Science Applications International (NASDAQ:SAIC) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also weighed in on the company. BNP Paribas Exane began coverage on Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective on the stock. Citigroup upped their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. The Goldman Sachs Group lifted their price target on shares of Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. Finally, Truist Financial reissued a “hold” rating and set a $110.00 price objective (up from $95.00) on shares of Science Applications International in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $114.00.

Science Applications International Stock Performance

Science Applications International stock opened at $102.39 on Friday. 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 firm has a market cap of $4.33 billion, a P/E ratio of 11.53 and a beta of 0.30. Science Applications International has a 1-year low of $81.08 and a 1-year high of $123.41. The firm has a 50-day moving average of $100.62 and a 200-day moving average of $99.25.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.97. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.Science Applications International’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Sell-side analysts expect that Science Applications International will post 10.18 EPS for the current year.

Institutional Trading of Science Applications International

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in Science Applications International during the fourth quarter worth about $53,403,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after purchasing an additional 441,296 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Science Applications International by 25.9% during the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after purchasing an additional 393,344 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock valued at $143,578,000 after purchasing an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Science Applications International during the second quarter valued at approximately $31,271,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.