Science Applications International (NASDAQ:SAIC) Reaches New 12-Month High - Here's Why

Key Points

• SAIC shares reached a new 52-week high of $128, last trading around $126.80, above the 50-day and 200-day moving averages.
• The company exceeded quarterly expectations with EPS of $3.23 versus the $2.26 consensus and revenue of $1.91 billion, up 1.5% year over year. Analysts nonetheless maintain a consensus “Hold” rating, with an average price target of $115.22.
• SAIC paid a quarterly dividend of $0.37, equivalent to an annualized $1.48 and a 1.2% yield; institutional investors and hedge funds own approximately 76% of the stock.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $128.00 and last traded at $126.7950, with a volume of 13997 shares. The stock had previously closed at $126.31.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SAIC shares. The Goldman Sachs Group boosted their price target on Science Applications International from $85.00 to $96.00 and gave the company a "sell" rating in a research note on Friday, June 12th. BNP Paribas Exane initiated coverage on Science Applications International in a research note on Wednesday, May 27th. They set a "neutral" rating and a $95.00 price objective for the company. UBS Group lifted their price objective on Science Applications International from $113.00 to $119.00 and gave the company a "neutral" rating in a report on Wednesday, June 3rd. Truist Financial restated a "hold" rating and issued a $110.00 target price (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Science Applications International from $110.00 to $125.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd. Two 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.com, the stock currently has an average rating of "Hold" and an average target price of $115.22.

Science Applications International Stock Down 0.8%

The firm has a 50 day moving average price of $114.17 and a 200-day moving average price of $102.38. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 14.10 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16.

Science Applications International (NASDAQ:SAIC - Get Free Report) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the previous year, the company earned $1.42 EPS. Science Applications International's revenue was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, equities analysts predict that Science Applications International Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International's payout ratio is presently 16.67%.

Institutional Investors Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new stake in Science Applications International during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in Science Applications International by 477.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company's stock worth $26,000 after buying an additional 215 shares during the period. Wexford Capital LP bought a new position in Science Applications International in the third quarter valued at approximately $29,000. Rakuten Securities Inc. lifted its stake in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock valued at $30,000 after buying an additional 249 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at approximately $35,000. 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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