Science Applications International Co. (NYSE:SAIC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Science Applications International Co. (SAIC) has been given an average recommendation of "Hold" by ten brokerages, with one sell, seven hold, and two buy ratings.
• The company's recent earnings report showed an EPS of $3.63, significantly beating the consensus estimate of $2.25, but its quarterly revenue of $1.77 billion fell short of expectations.
• Science Applications International announced a quarterly dividend of $0.37 per share, representing an annualized yield of 1.5%, payable on October 24th.

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned an average recommendation of "Hold" from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $115.10.

A number of research firms recently issued reports on SAIC. Jefferies Financial Group decreased their price objective on shares of Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a report on Wednesday, September 10th. JPMorgan Chase & Co. restated a "neutral" rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Truist Financial raised their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. UBS Group decreased their price objective on shares of Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a report on Friday, September 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a report on Monday, September 8th.

Hedge Funds Weigh In On Science Applications International

Large investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider's stock valued at $28,000 after acquiring an additional 188 shares during the period. Rakuten Securities Inc. lifted 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 valued at $30,000 after purchasing an additional 249 shares during the last quarter. US Bancorp DE lifted 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 purchasing an additional 90 shares during the last quarter. Larson Financial Group LLC lifted 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 purchasing an additional 98 shares during the last quarter. Finally, True Wealth Design LLC lifted its position in Science Applications International by 315.5% during the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider's stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Stock Performance

Shares of SAIC stock opened at $97.84 on Thursday. The firm has a 50-day moving average of $107.80 and a 200-day moving average of $111.85. The company has a market cap of $4.50 billion, a P/E ratio of 16.50 and a beta of 0.44. 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 has a one year low of $94.68 and a one year high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its earnings results 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 company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted $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. Equities research analysts forecast that Science Applications International will post 8.27 EPS for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, October 10th. Science Applications International's dividend payout ratio (DPR) is currently 17.92%.

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.

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