Science Applications International (NASDAQ:SAIC) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded SAIC from “buy” to “strong-buy,” while the broader analyst consensus remains “hold,” with an average price target of $116.89.
• SAIC reported quarterly EPS of $3.23, surpassing estimates of $2.26, while revenue reached $1.91 billion and rose 1.5% year over year.
• The stock opened at $125.96, near its 12-month high of $130.98; institutional investors and hedge funds own approximately 76% of shares.

Science Applications International (NASDAQ:SAIC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Sunday.

Several other research firms have also commented on SAIC. 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. BNP Paribas Exane assumed 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. JPMorgan Chase & Co. boosted their price objective on Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Jefferies Financial Group upped their target price on Science Applications International from $115.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, August 19th. Finally, The Goldman Sachs Group raised their target price on Science Applications International from $85.00 to $96.00 and gave the stock a "sell" rating in a report on Friday, June 12th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $116.89.

Science Applications International Stock Performance

SAIC opened at $125.96 on Friday. 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 has a 12-month low of $81.08 and a 12-month high of $130.98. The firm has a 50 day moving average of $118.02 and a two-hundred day moving average of $104.51. The firm has a market capitalization of $5.33 billion, a PE ratio of 14.18 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings data on Monday, June 1st. The company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.26 by $0.97. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, analysts anticipate that Science Applications International will post 10.01 EPS for the current year.

Institutional Trading of Science Applications International

Several institutional investors have recently bought and sold shares of the business. Islay Capital Management LLC acquired a new position in Science Applications International during the fourth quarter worth about $971,000. Vanguard Group Inc. grew its stake in Science Applications International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company's stock valued at $458,502,000 after acquiring an additional 15,272 shares in the last quarter. Seizert Capital Partners LLC raised its holdings in Science Applications International by 122.4% in the 4th quarter. Seizert Capital Partners LLC now owns 107,922 shares of the company's stock valued at $10,863,000 after acquiring an additional 59,386 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Science Applications International by 13.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company's stock worth $145,730,000 after purchasing an additional 185,066 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Science Applications International by 17.5% in the 1st quarter. Bank of America Corp DE now owns 380,538 shares of the company's stock worth $36,121,000 after purchasing an additional 56,720 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source