Jefferies Financial Group Issues Positive Forecast for Science Applications International (NASDAQ:SAIC) Stock Price

Key Points

• Jefferies raised its SAIC price target from $115 to $130 while maintaining a “hold” rating, implying roughly 0.73% upside from the prior close.
• Analyst sentiment remains cautious: SAIC has a consensus “Hold” rating and an average price target of $116.89, despite Citigroup assigning a “Buy” rating with a $132 target.
• SAIC exceeded quarterly expectations, reporting $3.23 in EPS versus the $2.26 consensus and $1.91 billion in revenue versus $1.82 billion expected; institutional investors own approximately 76% of shares.

Science Applications International (NASDAQ:SAIC - Get Free Report) had its price objective lifted by investment analysts at Jefferies Financial Group from $115.00 to $130.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 0.73% from the company's previous close.

SAIC has been the topic of several other reports. 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. Citigroup boosted their target price on Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. UBS Group upped their target price on Science Applications International from $113.00 to $119.00 and gave the company a "neutral" rating in a research report on Wednesday, June 3rd. TD Cowen dropped their price target on Science Applications International from $130.00 to $125.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Finally, The Goldman Sachs Group lifted their price target on Science Applications International from $85.00 to $96.00 and gave the stock a "sell" rating in a research report on Friday, June 12th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $116.89.

Science Applications International Price Performance

Shares of NASDAQ:SAIC traded up $3.11 during midday trading on Wednesday, hitting $129.06. The company had a trading volume of 164,663 shares, compared to its average volume of 577,485. Science Applications International has a twelve month low of $81.08 and a twelve month high of $129.70. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 14.56 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The business's 50-day simple moving average is $115.08 and its 200-day simple moving average is $102.95.

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

Hedge Funds Weigh In On Science Applications International

Several large investors have recently added to or reduced their stakes in SAIC. Public Employees Retirement System of Ohio acquired a new stake in shares of Science Applications International in the second quarter worth approximately $1,349,000. Redwood Investment Management LLC purchased a new position in Science Applications International during the second quarter worth approximately $2,193,000. Danske Bank A S purchased a new position in Science Applications International during the second quarter worth approximately $254,000. Foster & Motley Inc. acquired a new position in shares of Science Applications International in the 2nd quarter valued at $2,041,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Science Applications International during the 2nd quarter valued at $44,044,000. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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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