Science Applications International Corporation (NASDAQ:SAIC) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of Hold on SAIC from 11 analysts (1 sell, 7 hold, 3 buy) with an average 12‑month price target of $110.78, and several firms recently cut targets or downgraded the stock (JPMorgan to $110/neutral; Goldman Sachs to $82/sell).
• In the most recent quarter (reported Mar. 16) SAIC beat on EPS ($2.62 vs. $1.79 est.) but revenue fell 4.8% YoY to $1.75B and slightly missed estimates; the shares trade around $95.91, market cap ≈ $4.16B, P/E ~12.5, and the stock yields 1.5% (annualized dividend $1.48).

Shares of Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) have been given a consensus rating of "Hold" by the eleven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $110.7778.

Several analysts recently weighed in on SAIC shares. JPMorgan Chase & Co. decreased their target price on Science Applications International from $125.00 to $110.00 and set a "neutral" rating for the company in a research note on Monday, April 13th. The Goldman Sachs Group decreased their target price on Science Applications International from $94.00 to $82.00 and set a "sell" rating for the company in a research note on Thursday, February 12th. Weiss Ratings restated a "hold (c-)" rating on shares of Science Applications International in a research note on Friday, March 27th. Wall Street Zen downgraded Science Applications International from a "buy" rating to a "hold" rating in a research note on Sunday, April 12th. Finally, Zacks Research cut Science Applications International from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd.

Science Applications International Price Performance

Shares of NASDAQ:SAIC opened at $95.91 on Monday. The business has a 50 day moving average price of $94.67 and a 200 day moving average price of $96.46. Science Applications International has a twelve month low of $81.08 and a twelve month high of $124.11. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 12.47 and a beta of 0.28. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.83. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Research analysts predict that Science Applications International will post 9.61 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International's dividend payout ratio is 19.25%.

Hedge Funds Weigh In On Science Applications International

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Science Applications International in the 4th quarter valued at approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in Science Applications International by 477.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company's stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock valued at $30,000 after acquiring an additional 249 shares in the last quarter. Quent Capital LLC acquired a new position in Science Applications International in the 3rd quarter valued at approximately $29,000. Finally, Wexford Capital LP acquired a new position in Science Applications International in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.00% of the company's stock.

About Science Applications International

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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