Science Applications International's (SAIC) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. maintained a "neutral" rating for Science Applications International (NYSE:SAIC), reducing their price objective from $140.00 to $115.00, suggesting a 9.60% potential upside from the stock's previous close.
• The company reported a quarterly earnings of $3.63 EPS, significantly exceeding expectations of $2.25, despite revenue of $1.77 billion falling short of analysts' predictions.
• Currently, 76% of Science Applications International's stock is owned by institutional investors, indicating strong institutional support for the company's shares.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Science Applications International (NYSE:SAIC - Free Report) in a report issued on Monday, Marketbeat.com reports. They currently have a $115.00 price objective on the information technology services provider's stock, down from their previous price objective of $140.00.

Other research analysts also recently issued research reports about the company. UBS Group lowered their target price 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. Barclays reduced their target price on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, June 9th. Stifel Nicolaus reduced their target price on Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a report on Friday, September 5th. 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. Finally, Truist Financial increased their price target on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $120.64.

Science Applications International Price Performance

SAIC stock traded up $0.05 during midday trading on Monday, reaching $106.42. The company had a trading volume of 433,765 shares, compared to its average volume of 650,204. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 17.95 and a beta of 0.49. The stock has a 50 day moving average price of $114.19 and a 200-day moving average price of $112.83. Science Applications International has a 1-year low of $94.68 and a 1-year high of $156.34. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC - Get Free Report) last posted its quarterly 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. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. Equities research analysts expect that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be paid 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 dividend payout ratio (DPR) is currently 17.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAIC. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in 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 worth $28,000 after purchasing an additional 188 shares during the period. Rakuten Securities Inc. boosted its position in shares of Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock valued at $30,000 after acquiring an additional 249 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock valued at $31,000 after acquiring an additional 148 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Science Applications International by 43.2% during the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 98 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Science Applications International by 38.5% during the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Institutional investors 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.