Jefferies Financial Group Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Key Points

• Jefferies Financial Group has lowered its price target for Science Applications International (SAIC) from $130.00 to $115.00, maintaining a "hold" rating, which reflects a potential upside of 12.47% from the current stock price.
• The stock is currently trading at $102.25 and has seen a 0.5% decline in value, with a recent annual trading low of $94.68 and a high of $156.34.
• Despite earnings per share beating analyst expectations at $3.63, the company reported a year-over-year revenue decline of 2.7% and expectations for $8.27 earnings per share for the current fiscal year.

Science Applications International (NYSE:SAIC - Free Report) had its price target decreased by Jefferies Financial Group from $130.00 to $115.00 in a research report report published on Wednesday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the information technology services provider's stock.

Several other research firms also recently issued reports on SAIC. Stifel Nicolaus cut their price target on Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $115.00 price target (down previously from $140.00) on shares of Science Applications International in a research note on Monday, September 8th. Wells Fargo & Company lifted their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group cut their price target on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, September 5th. Finally, Barclays cut their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, June 9th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $120.64.

Science Applications International Price Performance

Science Applications International stock traded down $2.49 during midday trading on Wednesday, reaching $103.93. The company's stock had a trading volume of 530,694 shares, compared to its average volume of 649,520. Science Applications International has a fifty-two week low of $94.68 and a fifty-two week high of $156.34. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The stock's 50 day simple moving average is $114.19 and its 200 day simple moving average is $113.00. The firm has a market capitalization of $4.78 billion, a PE ratio of 17.53 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $2.05 earnings per share. Science Applications International's quarterly revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities research analysts forecast that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 10th. This represents a $1.48 annualized dividend and a yield of 1.4%. Science Applications International's payout ratio is 17.92%.

Hedge Funds Weigh In On Science Applications International

Several hedge funds and other institutional investors have recently modified their holdings of SAIC. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Science Applications International by 324.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider's stock valued at $28,000 after purchasing an additional 188 shares in the last quarter. Rakuten Securities Inc. lifted its stake in shares of Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock valued at $30,000 after purchasing an additional 249 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after acquiring an additional 148 shares during the period. Larson Financial Group LLC boosted its holdings in Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 98 shares during the period. Finally, US Bancorp DE boosted its holdings in Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock worth $36,000 after acquiring an additional 90 shares during the period. 76.00% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.