Science Applications International Co. (NYSE:SAIC) Receives $120.64 Average Price Target from Brokerages

Key Points

• Science Applications International Co. (NYSE:SAIC) has received a consensus recommendation of "Hold" from analysts, with one sell rating, seven hold ratings, and three buy ratings among the eleven firms covering the stock.
• The company reported $3.63 earnings per share (EPS) for its recent quarter, significantly exceeding the consensus estimate of $2.25, though it experienced a 2.7% year-over-year decline in quarterly revenue.
• SAIC has announced a quarterly dividend of $0.37 per share, with an annualized yield of 1.4%, which will be payable on October 24 to stockholders of record on October 10.

Science Applications International Co. (NYSE:SAIC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $120.6364.

Several brokerages have recently issued reports on SAIC. Wells Fargo & Company increased their target price on Science Applications International from $132.00 to $137.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Truist Financial increased their target price on Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research report on Thursday, July 24th. Jefferies Financial Group decreased their target price on Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a research report on Wednesday, September 10th. The Goldman Sachs Group decreased their target price on Science Applications International from $104.00 to $91.00 and set a "sell" rating for the company in a research report on Monday, September 8th. Finally, UBS Group decreased their target price on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research report on Friday, September 5th.

Science Applications International Trading Down 1.1%

Shares of NYSE SAIC traded down $1.10 during midday trading on Friday, reaching $100.36. The company had a trading volume of 275,126 shares, compared to its average volume of 646,590. Science Applications International has a one year low of $94.68 and a one year high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm's fifty day moving average price is $112.65 and its 200-day moving average price is $113.04. The stock has a market cap of $4.62 billion, a PE ratio of 16.92 and a beta of 0.49.

Science Applications International (NYSE:SAIC - Get Free Report) last released 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 analyst estimates 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 quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities research analysts anticipate that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors 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 dividend yield of 1.5%. Science Applications International's dividend payout ratio is presently 17.92%.

Institutional Trading of Science Applications International

Several institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its stake in Science Applications International by 14.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,500,086 shares of the information technology services provider's stock valued at $280,685,000 after purchasing an additional 313,539 shares during the last quarter. First Trust Advisors LP raised its holdings in Science Applications International by 5.3% in the 2nd quarter. First Trust Advisors LP now owns 1,465,151 shares of the information technology services provider's stock worth $164,991,000 after purchasing an additional 73,363 shares during the period. AQR Capital Management LLC raised its holdings in Science Applications International by 36.3% during the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider's stock valued at $143,578,000 after acquiring an additional 347,456 shares during the period. LSV Asset Management raised its holdings in Science Applications International by 143.2% during the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider's stock valued at $146,621,000 after acquiring an additional 766,734 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Science Applications International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,141,923 shares of the information technology services provider's stock valued at $128,202,000 after purchasing an additional 30,343 shares in the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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.