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 - Get Free Report) had its price objective cut by Jefferies Financial Group from $130.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. Jefferies Financial Group's target price indicates a potential upside of 12.47% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company increased their price target on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a research report on Monday. Stifel Nicolaus cut their price objective on Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a research report on Friday, September 5th. 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. Finally, The Goldman Sachs Group lowered their price target on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a report on Monday. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $120.64.

Science Applications International Stock Down 0.5%

Science Applications International stock traded down $0.54 during mid-day trading on Wednesday, hitting $102.25. The company had a trading volume of 174,128 shares, compared to its average volume of 649,491. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 1 year low of $94.68 and a 1 year high of $156.34. The business has a fifty day moving average of $114.96 and a 200 day moving average of $112.80. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 17.24 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share 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 analysts' expectations of $1.87 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, sell-side analysts expect that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after acquiring an additional 88 shares during the period. Cresset Asset Management LLC raised its position in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider's stock valued at $234,000 after buying an additional 88 shares during the period. US Bancorp DE raised its position in Science Applications International by 38.5% during the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after buying an additional 90 shares during the period. Focus Partners Wealth raised its position in Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after buying an additional 94 shares during the period. Finally, Larson Financial Group LLC raised its position in Science Applications International by 43.2% during the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.