C. David Cush Acquires 1,000 Shares of Science Applications International (NASDAQ:SAIC) Stock

Key Points

• Director C. David Cush purchased 1,000 SAIC shares at an average price of $132.50, investing $132,500 and establishing a direct position in the company.
• SAIC reported quarterly EPS of $3.01, exceeding analyst expectations of $2.31, while revenue rose 6.3% year over year to $1.88 billion.
• The company declared a quarterly dividend of $0.37 per share, equivalent to $1.48 annually and a 1.1% yield; analysts maintain a consensus “Hold” rating with an average price target of $125.22.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) Director C. David Cush bought 1,000 shares of Science Applications International stock in a transaction that occurred on Tuesday, September 22nd. The stock was purchased at an average cost of $132.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at $132,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Science Applications International Price Performance

Shares of SAIC traded down $3.66 during trading hours on Tuesday, reaching $129.69. 636,964 shares of the stock traded hands, compared to its average volume of 572,852. Science Applications International Corporation has a 52-week low of $81.08 and a 52-week high of $142.66. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.71. The company has a market cap of $5.43 billion, a P/E ratio of 15.17 and a beta of 0.30. The company's 50-day moving average price is $124.21 and its two-hundred day moving average price is $109.13.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.31 by $0.70. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The business's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.63 earnings per share. On average, analysts anticipate that Science Applications International Corporation will post 10.78 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, October 9th. Science Applications International's payout ratio is currently 17.31%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIC. MAC Alpha Capital Management LP boosted its stake in Science Applications International by 43.8% in the 2nd quarter. MAC Alpha Capital Management LP now owns 174,892 shares of the company's stock worth $19,311,000 after purchasing an additional 53,277 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Science Applications International by 9.4% during the second quarter. Tidal Investments LLC now owns 10,449 shares of the company's stock valued at $1,154,000 after buying an additional 900 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Science Applications International in the 2nd quarter worth $1,607,000. Baird Financial Group Inc. raised its stake in Science Applications International by 52.9% in the 2nd quarter. Baird Financial Group Inc. now owns 20,542 shares of the company's stock worth $2,268,000 after acquiring an additional 7,107 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Science Applications International by 10.3% during the 2nd quarter. Allworth Financial LP now owns 1,720 shares of the company's stock worth $190,000 after acquiring an additional 160 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International News Summary

Here are the key news stories impacting Science Applications International this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate to $10.70 from $9.98, its FY2028 estimate to $10.74 from $10.53, and its FY2029 estimate to $11.70 from $11.63. These increases suggest improved longer-term earnings expectations for SAIC. Science Applications International analyst estimates
• Positive Sentiment: Quarterly estimates were also raised for Q1 2028, Q2 2028, and Q1-Q2 2029. The largest increase was for Q2 2028, lifted to $2.64 EPS from $2.49, while Q1 2028 rose to $2.65 from $2.53.
• Neutral Sentiment: Zacks Research left its broader published outlook at $10.78 EPS for the current fiscal year and expects $10.70 EPS for FY2027, $10.74 for FY2028, and $11.70 for FY2029. The estimates are analyst projections rather than new company operating results or guidance.
• Negative Sentiment: Several near- to medium-term forecasts were reduced: Q3 2027 EPS fell to $2.30 from $2.42, Q4 2027 declined to $2.16 from $2.18, and Q3 2028 dropped to $2.75 from $2.81. These cuts could reinforce concerns about uneven earnings growth despite the improved full-year outlook.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lifted their target price on Science Applications International from $130.00 to $140.00 and gave the stock a "hold" rating in a report on Tuesday, September 1st. Truist Financial raised their price target on Science Applications International from $110.00 to $130.00 and gave the stock a "hold" rating in a research report on Tuesday, September 1st. UBS Group boosted their target price on Science Applications International from $108.00 to $123.00 and gave the company a "neutral" rating in a research report on Tuesday, September 1st. JPMorgan Chase & Co. raised their price target on shares of Science Applications International from $110.00 to $125.00 and gave the stock a "neutral" rating in a research note on Tuesday, June 2nd. Finally, Citigroup lifted their target price on Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $125.22.

Science Applications International Company Profile

Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.

SAIC's offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.

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