Science Applications International (NASDAQ:SAIC) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Science Applications International (SAIC) from a "buy" to a Hold, joining several firms that trimmed ratings or price targets; the consensus across analysts is a Hold with an average target of $112.44.
• SAIC beat EPS estimates with $2.62 for the quarter but reported revenue of $1.75B (slightly below expectations) and a 4.8% year‑over‑year revenue decline.
• Shares opened at about $91.72 (down ~3.5%), trading nearer the 12‑month low of $81.08 than the high of $124.11; market cap is roughly $4.0B and the stock trades at a PE of about 11.9.

Science Applications International (NASDAQ:SAIC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

Several other equities research analysts also recently weighed in on SAIC. Zacks Research downgraded Science Applications International from a "strong-buy" rating to a "hold" rating in a report on Monday, February 2nd. Truist Financial lowered their price target on Science Applications International from $110.00 to $95.00 and set a "hold" rating for the company in a report on Tuesday, March 17th. Stifel Nicolaus lowered their price target on Science Applications International from $128.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, March 17th. The Goldman Sachs Group lowered their price target on Science Applications International from $94.00 to $82.00 and set a "sell" rating for the company in a report on Thursday, February 12th. Finally, Citigroup lowered their price target on Science Applications International from $133.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued 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 $112.44.

Science Applications International Trading Down 3.5%

Shares of NASDAQ:SAIC opened at $91.72 on Friday. Science Applications International has a 12-month low of $81.08 and a 12-month high of $124.11. The company has a market cap of $3.98 billion, a PE ratio of 11.93 and a beta of 0.30. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The stock has a 50 day moving average of $93.81 and a 200 day moving average of $96.87.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings results on Monday, March 16th. The company reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.83. Science Applications International had a net margin of 4.93% and a return on equity of 33.15%. The business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period last year, the business earned $2.57 EPS. The company's revenue was down 4.8% compared to the same quarter last year.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of SAIC. Goldman Sachs Group Inc. lifted its holdings in shares of Science Applications International by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company's stock worth $16,454,000 after purchasing an additional 26,633 shares during the period. Empowered Funds LLC lifted its holdings in shares of Science Applications International by 93.2% during the first quarter. Empowered Funds LLC now owns 10,722 shares of the company's stock worth $1,204,000 after purchasing an additional 5,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Science Applications International by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company's stock worth $16,863,000 after purchasing an additional 7,816 shares during the period. Focus Partners Wealth lifted its holdings in shares of Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the company's stock worth $326,000 after purchasing an additional 94 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company's stock worth $1,952,000 after purchasing an additional 171 shares during the period. Institutional investors and hedge funds own 76.00% of the company's stock.

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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