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

Science Applications International (NYSE:SAIC - Get Free Report) announced its earnings results on Monday. The information technology services provider reported $1.92 earnings per share (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 period in the previous year, the business earned $1.92 EPS. The company'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 Price Performance

Shares of NYSE SAIC traded up $3.21 during trading hours on Tuesday, reaching $103.43. 1,187,959 shares of the stock traded hands, compared to its average volume of 530,086. The company has a market capitalization of $4.94 billion, a P/E ratio of 17.44 and a beta of 0.55. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 52-week low of $94.68 and a 52-week high of $156.34. The company's 50-day simple moving average is $117.06 and its two-hundred day simple moving average is $113.23.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders 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 dividend yield of 1.43%. Science Applications International's dividend payout ratio (DPR) is presently 20.58%.

Insider Activity at Science Applications International

In other news, CEO Toni Townes-Whitley acquired 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average cost of $111.67 per share, with a total value of $223,340.00. Following the acquisition, the chief executive officer now owns 45,183 shares in the company, valued at approximately $5,045,585.61. This represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Milford W. Mcguirt acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of $110.58 per share, for a total transaction of $55,290.00. Following the completion of the acquisition, the director now owns 6,841 shares in the company, valued at $756,477.78. This represents a 7.89% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 3,260 shares of company stock valued at $365,037. Corporate insiders own 0.44% of the company's stock.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in SAIC. Focus Partners Wealth boosted its position in shares of Science Applications International by 3.3% during 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 in the last quarter. Empowered Funds LLC boosted its position in shares of Science Applications International by 93.2% during 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Science Applications International by 22.2% during the first 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. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 information technology services provider's stock valued at $16,863,000 after purchasing an additional 7,816 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Thursday, May 15th. UBS Group cut their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating for the company in a research note on Tuesday. Wells Fargo & Company cut their price target on Science Applications International from $148.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial cut their price target on Science Applications International from $115.00 to $100.00 and set a "hold" rating for the company in a research note on Tuesday. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $128.20.

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.