Science Applications International Corporation (NASDAQ:SAIC) Given Consensus Rating of “Hold” by Analysts

Science Applications International Corporation (NASDAQ:SAIC) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $114.00.

SAIC has been the subject of several analyst reports. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Truist Financial restated 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. Weiss Ratings upgraded shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Finally, BNP Paribas Exane assumed coverage on shares of Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 target price on the stock.

Institutional Trading of Science Applications International

Several hedge funds have recently modified their holdings of SAIC. Cresset Asset Management LLC raised its stake in Science Applications International by 4.4% in the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock worth $234,000 after acquiring an additional 88 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Science Applications International by 3.3% in the first 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 raised its stake in shares of Science Applications International by 5.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock worth $213,000 after purchasing an additional 111 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Science Applications International by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after purchasing an additional 115 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Science Applications International by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the company’s stock worth $444,000 after purchasing an additional 116 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Stock Performance

Shares of SAIC stock opened at $100.60 on Tuesday. The stock has a market capitalization of $4.25 billion, a PE ratio of 11.33 and a beta of 0.30. Science Applications International has a 52-week low of $81.08 and a 52-week high of $123.41. The stock’s 50-day moving average price is $100.73 and its 200 day moving average price is $99.43. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73.

Science Applications International (NASDAQ:SAIC) last posted its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period last year, the firm earned $1.42 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts forecast that Science Applications International will post 10.18 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Friday, July 10th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, July 10th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International’s payout ratio is presently 16.67%.

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.