JPMorgan Chase & Co. Reiterates Neutral Rating for Science Applications International (NYSE:SAIC)

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.

Science Applications International (NYSE:SAIC - Get Free Report)'s stock had its "neutral" rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report issued on Monday,Benzinga reports. They presently have a $115.00 price objective on the information technology services provider's stock, down from their previous price objective of $140.00. JPMorgan Chase & Co.'s price objective points to a potential upside of 9.60% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. UBS Group dropped their price objective on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating on the stock in a research note on Friday. Wells Fargo & Company increased their price target on shares of Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Jefferies Financial Group increased their target price on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus lowered their price target on Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Barclays lowered their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus price target of $123.09.

Science Applications International Stock Performance

Shares of NYSE SAIC opened at $104.93 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 12 month low of $94.68 and a 12 month high of $156.34. The company has a 50 day simple moving average of $115.42 and a two-hundred day simple moving average of $112.84. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 17.69 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period in the previous year, the business posted $2.05 EPS. The business'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. As a group, analysts predict that Science Applications International will post 8.27 earnings per share for the current year.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Science Applications International by 324.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider's stock worth $28,000 after buying an additional 188 shares during the last quarter. Rakuten Securities Inc. increased its position in Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Parallel Advisors LLC increased its position in Science Applications International by 112.1% during the first quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 148 shares during the last quarter. Larson Financial Group LLC increased 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 worth $36,000 after purchasing an additional 98 shares during the last quarter. Finally, US Bancorp DE increased 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 worth $36,000 after purchasing an additional 90 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Science Applications International Company Profile

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.

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