Science Applications International (NASDAQ:SAIC) Downgraded to Buy Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded SAIC from “strong buy” to “buy,” while the broader analyst consensus remains “hold,” with an average price target of $116.89.
• SAIC shares opened at $128.04, near their 12-month high of $129.70, after rising 1.4%; the stock trades above both its 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $3.23 in EPS versus $2.26 expected and $1.91 billion in revenue versus $1.82 billion forecast. Revenue increased 1.5% year over year, and management issued fiscal 2027 EPS guidance of $9.90–$10.10.

Science Applications International (NASDAQ:SAIC - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Several other equities analysts also recently issued reports on SAIC. Citigroup raised their target price on shares of 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. boosted their price target on Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. BNP Paribas Exane initiated coverage on Science Applications International in a report on Wednesday, May 27th. They issued a "neutral" rating and a $95.00 price target for the company. UBS Group increased their price target on Science Applications International from $113.00 to $119.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group raised their price objective on Science Applications International from $115.00 to $130.00 and gave the stock a "hold" rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average target price of $116.89.

Science Applications International Trading Up 1.4%

Shares of SAIC stock opened at $128.04 on Friday. The firm has a 50-day moving average price of $115.88 and a 200 day moving average price of $103.49. Science Applications International has a twelve month low of $81.08 and a twelve month high of $129.70. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 14.42 and a beta of 0.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73.

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

Institutional Investors Weigh In On Science Applications International

A number of institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC raised its stake in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company's stock worth $234,000 after purchasing an additional 88 shares during the period. Focus Partners Wealth boosted its holdings in shares of Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company's stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the company's stock valued at $213,000 after purchasing an additional 111 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Science Applications International by 3.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company's stock valued at $319,000 after buying an additional 115 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Science Applications International by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 30,468 shares of the company's stock valued at $3,067,000 after buying an additional 151 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

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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