Science Applications International Corporation (NASDAQ:SAIC) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts collectively rate SAIC “Hold”: Of 11 analysts, eight recommend holding, two recommend buying, and one recommends selling. The average 12-month price target is $124.44.
• SAIC exceeded quarterly expectations, reporting $3.01 in EPS versus the $2.31 consensus estimate and $1.88 billion in revenue, up 6.3% year over year.
• The company declared a quarterly dividend of $0.37 per share, equivalent to $1.48 annually and a 1.2% yield; institutional investors own approximately 76% of the stock.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One investment 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 updated their coverage on the stock in the last year is $124.4444.

Several research firms have issued reports on SAIC. Weiss Ratings upgraded Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 24th. BNP Paribas Exane assumed 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 target on the stock. Wall Street Zen raised shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. Jefferies Financial Group increased their price target on shares of Science Applications International from $130.00 to $140.00 and gave the company a "hold" rating in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd.

Science Applications International Stock Performance

NASDAQ SAIC opened at $126.75 on Friday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 14.82 and a beta of 0.30. The business's 50 day moving average is $120.11 and its two-hundred day moving average is $105.81. Science Applications International has a 12-month low of $81.08 and a 12-month high of $142.66. The company has a current ratio of 1.20, a quick ratio of 1.16 and a debt-to-equity ratio of 1.71.

Science Applications International (NASDAQ:SAIC - Get Free Report) last posted its quarterly earnings results on Monday, August 31st. The company reported $3.01 EPS for the quarter, beating the consensus estimate of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The business had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.76 billion. During the same period last year, the firm earned $3.63 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts expect that Science Applications International will post 10.73 EPS for the current year.

Science Applications International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International's dividend payout ratio (DPR) is presently 17.31%.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP raised its holdings in Science Applications International by 107.7% during the second quarter. Corient Private Wealth LP now owns 8,558 shares of the company's stock worth $945,000 after purchasing an additional 4,437 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Science Applications International in the second quarter valued at $2,951,000. California State Teachers Retirement System increased its position in shares of Science Applications International by 10,238.4% in the second quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company's stock valued at $609,531,000 after buying an additional 5,467,211 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Science Applications International by 1.2% in the second quarter. HB Wealth Management LLC now owns 18,974 shares of the company's stock valued at $2,095,000 after buying an additional 219 shares in the last quarter. Finally, Syon Capital LLC acquired a new position in shares of Science Applications International during the 2nd quarter worth $250,000. Institutional investors and hedge funds own 76.00% of the company's stock.

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.

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