Science Applications International (NASDAQ:SAIC) Hits New 52-Week High on Analyst Upgrade

Science Applications International Corporation (NASDAQ:SAIC) shares hit a new 52-week high during trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $115.00 to $130.00. Jefferies Financial Group currently has a hold rating on the stock. Science Applications International traded as high as $128.28 and last traded at $128.20, with a volume of 52364 shares changing hands. The stock had previously closed at $125.95.

Several other brokerages have also issued reports on SAIC. TD Cowen lowered their target price on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price objective on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group lifted their price objective on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research note on Friday, June 12th. UBS Group raised their price target on shares of Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Finally, Truist Financial reaffirmed a “hold” rating and issued a $110.00 price objective (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, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $116.89.

Institutional Trading of Science Applications International

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Science Applications International during the fourth quarter valued at about $53,403,000. Fuller & Thaler Asset Management Inc. increased its position 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 worth $264,429,000 after acquiring an additional 441,296 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Science Applications International in the 2nd quarter worth about $44,044,000. First Trust Advisors LP lifted its position in Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock valued at $192,501,000 after acquiring an additional 393,344 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Science Applications International by 36.3% during the 2nd 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. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Price Performance

The stock has a market capitalization of $5.34 billion, a P/E ratio of 14.22 and a beta of 0.28. The business has a fifty day simple moving average of $115.60 and a 200 day simple moving average of $103.31. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73.

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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Science Applications International’s quarterly revenue 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. On average, analysts expect that Science Applications International Corporation will post 10.01 earnings per share for the current year.

Science Applications International Dividend Announcement

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

Science Applications International Company Profile

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.