Brokerages Set Science Applications International Corporation (NASDAQ:SAIC) PT at $115.22

Science Applications International Corporation (NASDAQ:SAIC) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $115.2222.

Several research firms have recently commented on SAIC. The Goldman Sachs Group upped their target price on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. Citigroup raised their price target on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a report 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. BNP Paribas Exane initiated coverage on Science Applications International in a research note on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, TD Cowen dropped their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th.

Science Applications International Trading Up 1.3%

Science Applications International stock opened at $125.95 on Wednesday. Science Applications International has a 1 year low of $81.08 and a 1 year high of $128.00. The firm’s 50-day moving average is $115.08 and its 200-day moving average is $102.95. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $5.33 billion, a P/E ratio of 14.18 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating 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 business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The company’s revenue for the quarter 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. On average, equities analysts expect that Science Applications International will post 10.01 earnings per share for the current year.

Science Applications International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. Science Applications International’s payout ratio is 16.67%.

Institutional Trading of Science Applications International

Large investors have recently modified their holdings of the company. Cresset Asset Management LLC grew its position in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock worth $234,000 after buying an additional 88 shares in the last quarter. Focus Partners Wealth raised its holdings in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after acquiring an additional 94 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock worth $213,000 after acquiring an additional 111 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock worth $319,000 after acquiring an additional 115 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Science Applications International by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock worth $3,067,000 after purchasing an additional 151 shares in 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.