Science Applications International (NYSE:SAIC) Shares Gap Up After Earnings Beat

Shares of Science Applications International Co. (NYSE:SAIC) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $87.53, but opened at $92.00. Science Applications International shares last traded at $101.3950, with a volume of 764,789 shares changing hands.

The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the company posted $2.61 earnings per share. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIC. UBS Group cut their target price on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $115.00 price target (down previously from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Stifel Nicolaus dropped their price target on Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, September 5th. The Goldman Sachs Group decreased their price objective on Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a research report on Monday, September 8th. Finally, Jefferies Financial Group dropped their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $115.10.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Science Applications International by 324.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after buying an additional 188 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Science Applications International in the third quarter worth about $29,000. Wexford Capital LP bought a new stake in shares of Science Applications International during the 3rd quarter worth about $29,000. Rakuten Securities Inc. increased its holdings in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock valued at $30,000 after acquiring an additional 249 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Price Performance

The stock has a 50 day moving average of $93.30 and a two-hundred day moving average of $105.30. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $4.65 billion, a P/E ratio of 17.13 and a beta of 0.30.

Science Applications International Company Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.