The Goldman Sachs Group Issues Pessimistic Forecast for Science Applications International (NYSE:SAIC) Stock Price

Key Points

• The Goldman Sachs Group has reduced the price target for Science Applications International (SAIC) from $104.00 to $91.00, indicating a potential downside of 10.76% from the current stock price and maintaining a "sell" rating.
• Despite positive earnings that beat consensus estimates, SAIC's revenue fell 2.7% year-over-year, prompting mixed reactions from other analysts regarding their ratings and price targets.
• Institutional investors have increased their holdings in SAIC significantly, with LSV Asset Management boosting its position by 143.2% in the second quarter, as institutional ownership now stands at 76%.

Science Applications International (NYSE:SAIC - Get Free Report) had its price target reduced by equities research analysts at The Goldman Sachs Group from $104.00 to $91.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a "sell" rating on the information technology services provider's stock. The Goldman Sachs Group's price target indicates a potential downside of 14.49% from the company's current price.

Several other equities research analysts have also recently weighed in on SAIC. Barclays lowered their price target on shares of Science Applications International from $115.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, June 9th. Truist Financial upped their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a "hold" rating in a report on Thursday, July 24th. Stifel Nicolaus lowered their price target on shares of Science Applications International from $130.00 to $128.00 and set a "buy" rating for the company in a report on Friday, September 5th. Jefferies Financial Group upped their price target on shares of Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $115.00 price objective (down from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Science Applications International presently has a consensus rating of "Hold" and an average price target of $120.64.

Science Applications International Stock Up 0.0%

Shares of NYSE:SAIC traded up $0.05 during midday trading on Monday, reaching $106.42. The company had a trading volume of 433,765 shares, compared to its average volume of 650,204. The business's 50 day moving average price is $114.19 and its 200 day moving average price is $112.83. The stock has a market cap of $4.90 billion, a PE ratio of 17.95 and a beta of 0.49. 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 1-year low of $94.68 and a 1-year high of $156.34.

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

Hedge Funds Weigh In On Science Applications International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in shares of Science Applications International by 22.7% in the first quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares in the last quarter. Cresset Asset Management LLC lifted its position in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider's stock valued at $234,000 after purchasing an additional 88 shares during the period. US Bancorp DE lifted its position in Science Applications International by 38.5% during 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 during the period. Focus Partners Wealth lifted its position in 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 during the period. Finally, Larson Financial Group LLC lifted its position in Science Applications International by 43.2% during 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 during the period. Hedge funds and other institutional investors own 76.00% of the company's stock.

Science Applications International Company Profile

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.