Science Applications International (NASDAQ:SAIC) Reaches New 1-Year High – What’s Next?

Science Applications International Corporation (NASDAQ:SAIC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $123.58 and last traded at $122.95, with a volume of 43258 shares changing hands. The stock had previously closed at $120.30.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. TD Cowen lowered their price objective 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. UBS Group increased their price objective on Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. BNP Paribas Exane began coverage on Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 target price on the stock. Finally, Citigroup boosted their target price on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International has a consensus rating of “Hold” and a consensus price target of $115.22.

Science Applications International Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. The firm has a 50-day simple moving average of $113.49 and a 200 day simple moving average of $102.08. The company has a market cap of $5.35 billion, a price-to-earnings ratio of 14.25 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last announced its earnings results on Monday, June 1st. The company reported $3.23 EPS 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 analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The business’s revenue 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, sell-side analysts predict that Science Applications International Corporation will post 10.01 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors 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 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s payout ratio is currently 16.67%.

Institutional Trading of Science Applications International

Several large investors have recently bought and sold shares of SAIC. Goldman Sachs Group Inc. raised its position in shares of Science Applications International by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock worth $16,454,000 after purchasing an additional 26,633 shares during the last quarter. Empowered Funds LLC grew its holdings in Science Applications International by 93.2% during the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock valued at $1,204,000 after buying an additional 5,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Science Applications International by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock worth $16,863,000 after buying an additional 7,816 shares in the last quarter. Focus Partners Wealth increased its position in Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock worth $326,000 after buying an additional 94 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Science Applications International by 1.0% in the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock worth $1,952,000 after acquiring an additional 171 shares during 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.