Science Applications International (NYSE:SAIC) Stock Price Down 7.2% - Should You Sell?

Key Points

• Science Applications International's stock price fell 7.2% to close at $93.42, marking a significant drop in trading volume by 80% compared to its average.
• Recent analyst reports show mixed sentiment, with price targets adjusted downwards; Goldman Sachs notably reduced its target from $104 to $91 and issued a "sell" rating.
• The company announced a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 1.6% for shareholders of record as of October 10th.

Science Applications International Co. (NYSE:SAIC - Get Free Report) shares were down 7.2% during mid-day trading on Friday . The stock traded as low as $93.05 and last traded at $93.42. Approximately 127,408 shares traded hands during trading, a decline of 80% from the average daily volume of 622,821 shares. The stock had previously closed at $100.64.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SAIC shares. Stifel Nicolaus lowered their price target on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday, September 5th. Truist Financial raised their target price on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. UBS Group cut their price target on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a report on Friday, September 5th. The Goldman Sachs Group lowered their price objective on Science Applications International from $104.00 to $91.00 and set a "sell" rating on the stock in a research note on Monday, September 8th. Finally, Jefferies Financial Group cut their target price on Science Applications International from $130.00 to $115.00 and set a "hold" rating for the company in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $115.10.

Science Applications International Price Performance

The company's 50-day moving average price is $105.59 and its 200-day moving average price is $111.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 15.69 and a beta of 0.44.

Science Applications International (NYSE:SAIC - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $1.38. The firm had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities research analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. Science Applications International's payout ratio is currently 17.92%.

Hedge Funds Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently modified their holdings of SAIC. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Science Applications International by 324.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider's stock worth $28,000 after buying an additional 188 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider's stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 98 shares in the last quarter. US Bancorp DE boosted its holdings in Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider's stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in Science Applications International by 315.5% in the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider's stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.