Science Applications International (NYSE:SAIC) Releases Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Science Applications International (NYSE:SAIC - Get Free Report) issued its quarterly earnings results on Monday. The information technology services provider reported $1.92 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.25), RTT News reports. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. During the same quarter in the previous year, the firm posted $1.92 earnings per share. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. Science Applications International updated its FY 2026 guidance to 9.100-9.300 EPS.

Science Applications International Stock Performance

Science Applications International stock traded up $0.06 during mid-day trading on Thursday, reaching $102.33. 316,200 shares of the company were exchanged, compared to its average volume of 529,642. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The firm's 50-day simple moving average is $116.70 and its two-hundred day simple moving average is $113.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $4.88 billion, a PE ratio of 17.27 and a beta of 0.55.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, July 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. Science Applications International's payout ratio is 20.58%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SAIC. JPMorgan Chase & Co. reduced their price objective on shares of Science Applications International from $148.00 to $140.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. UBS Group dropped their price objective on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a report on Tuesday. Jefferies Financial Group increased their price objective on Science Applications International from $120.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, May 15th. Truist Financial dropped their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on Science Applications International from $132.00 to $137.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $128.70.

Insiders Place Their Bets

In other news, CEO Toni Townes-Whitley purchased 2,000 shares of the company's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $111.67 per share, for a total transaction of $223,340.00. Following the completion of the purchase, the chief executive officer now directly owns 45,183 shares in the company, valued at $5,045,585.61. The trade was a 4.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Tien, Jr. purchased 215 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were purchased at an average price of $116.50 per share, for a total transaction of $25,047.50. Following the completion of the purchase, the director now owns 919 shares of the company's stock, valued at approximately $107,063.50. This trade represents a 30.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,260 shares of company stock valued at $365,037. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SAIC. Goldman Sachs Group Inc. increased its stake in Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the information technology services provider's stock valued at $16,454,000 after purchasing an additional 26,633 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Science Applications International by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the information technology services provider's stock valued at $16,863,000 after purchasing an additional 7,816 shares in the last quarter. Empowered Funds LLC grew its position in shares of Science Applications International by 93.2% in the first quarter. Empowered Funds LLC now owns 10,722 shares of the information technology services provider's stock valued at $1,204,000 after purchasing an additional 5,173 shares during the last quarter. Finally, Focus Partners Wealth grew its position in shares of Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider's stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.