Science Applications International (NASDAQ:SAIC) Sets New 52-Week High - Here's Why

Key Points

• SAIC reached a new 52-week high of $128.28, supported by trading above its 50-day and 200-day moving averages. The stock has a market capitalization of approximately $5.47 billion.
• The company beat quarterly expectations, reporting $3.23 in EPS versus the $2.26 consensus and revenue of $1.91 billion, up 1.5% year over year. SAIC also issued fiscal 2027 EPS guidance of $9.90–$10.10.
• Despite the share-price gains, analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of $115.22, below its current trading level. SAIC recently paid a quarterly dividend of $0.37, representing a 1.1% yield.

Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $128.28 and last traded at $128.20, with a volume of 52364 shares changing hands. The stock had previously closed at $125.95.

Analyst Ratings Changes

SAIC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Science Applications International from a "buy" rating to a "strong-buy" rating in a report on Saturday, June 20th. BNP Paribas Exane started coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a "neutral" rating and a $95.00 price target for the company. TD Cowen dropped their price objective on shares of Science Applications International from $130.00 to $125.00 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Science Applications International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $115.22.

Science Applications International Stock Performance

The business has a 50-day moving average of $115.08 and a two-hundred day moving average of $102.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $5.47 billion, a P/E ratio of 14.59 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC - Get Free Report) last announced its earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The firm'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. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were paid a $0.37 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.1%. Science Applications International's dividend payout ratio (DPR) is 16.67%.

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Science Applications International during the 4th quarter worth about $53,403,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Science Applications International by 20.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company's stock valued at $264,429,000 after buying an additional 441,296 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Science Applications International in the 2nd quarter valued at about $44,044,000. First Trust Advisors LP lifted its holdings in shares of Science Applications International by 25.9% in the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company's stock valued at $192,501,000 after buying an additional 393,344 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company's stock worth $143,578,000 after buying an additional 347,456 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source