Science Applications International (NASDAQ:SAIC) Reaches New 12-Month High - Should You Buy?

Key Points

• SAIC shares reached a new 52-week high of $130.53, with the stock recently trading near $129.57 and up from its prior close of $127.58.
• Analysts remain cautious despite the rally: SAIC has a consensus “Hold” rating from nine hold, two buy, and one sell ratings, with an average price target of $116.89—below its current price.
• The company exceeded quarterly expectations, reporting $3.23 in EPS versus a $2.26 estimate and $1.91 billion in revenue versus an $1.82 billion forecast; revenue increased 1.5% year over year.

Shares of Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $130.53 and last traded at $129.5650, with a volume of 108379 shares changing hands. The stock had previously closed at $127.58.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SAIC shares. BNP Paribas Exane initiated coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a "neutral" rating and a $95.00 price target on the stock. The Goldman Sachs Group increased their target price on Science Applications International from $85.00 to $96.00 and gave the company a "sell" rating in a research note on Friday, June 12th. Citigroup boosted their target price on Science Applications International from $120.00 to $132.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a research note on Tuesday, June 2nd. Finally, TD Cowen cut their price target on shares of Science Applications International from $130.00 to $125.00 and set a "hold" rating on the stock in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $116.89.

Science Applications International Price Performance

The company has a 50 day moving average of $117.02 and a 200 day moving average of $104.14. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 14.59 and a beta of 0.28.

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

Institutional Investors Weigh In On Science Applications International

Several institutional investors have recently added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Science Applications International in the 2nd quarter worth $2,951,000. California State Teachers Retirement System lifted its holdings in shares of Science Applications International by 10,238.4% in the second quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company's stock valued at $609,531,000 after purchasing an additional 5,467,211 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Science Applications International by 1.2% in the second quarter. HB Wealth Management LLC now owns 18,974 shares of the company's stock valued at $2,095,000 after purchasing an additional 219 shares in the last quarter. Syon Capital LLC acquired a new position in shares of Science Applications International during the second quarter worth about $250,000. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of Science Applications International by 5.0% during the second quarter. Concurrent Investment Advisors LLC now owns 5,523 shares of the company's stock worth $610,000 after buying an additional 261 shares in the last quarter. 76.00% of the stock is owned by 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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