Science Applications International (NASDAQ:SAIC) Price Target Raised to $130.00

Science Applications International (NASDAQ:SAIC) had its target price raised by Jefferies Financial Group from $115.00 to $130.00 in a research report sent to investors on Wednesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

A number of other brokerages also recently issued reports on SAIC. The Goldman Sachs Group boosted their price target on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. BNP Paribas Exane started coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective on the stock. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. UBS Group boosted their target price on shares of Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, TD Cowen lowered their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $116.89.

Science Applications International Price Performance

NASDAQ:SAIC opened at $128.04 on Wednesday. The firm’s fifty day moving average is $115.88 and its two-hundred day moving average is $103.49. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 14.42 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16. Science Applications International has a one year low of $81.08 and a one year high of $129.70.

Science Applications International (NASDAQ:SAIC) last released 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 return on equity of 36.96% and a net margin of 5.55%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business posted $1.42 EPS. The company’s 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. Research analysts expect that Science Applications International will post 10.01 EPS for the current year.

Science Applications International Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIC. Los Angeles Capital Management LLC purchased a new stake in Science Applications International during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after acquiring an additional 249 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Science Applications International in the third quarter valued at approximately $29,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Science Applications International in the fourth quarter worth approximately $35,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.