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 lowered by analysts at The Goldman Sachs Group from $104.00 to $91.00 in a report issued 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 objective suggests a potential downside of 10.76% from the company's current price.

SAIC has been the subject of several other research reports. 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. Jefferies Financial Group raised their target price on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. Truist Financial lifted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. UBS Group decreased their target price on Science Applications International from $111.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reiterated 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. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $122.00.

Science Applications International Trading Down 2.8%

SAIC traded down $2.96 during mid-day trading on Monday, reaching $101.97. The stock had a trading volume of 506,208 shares, compared to its average volume of 649,764. Science Applications International has a 52 week low of $94.68 and a 52 week high of $156.34. 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 stock has a market capitalization of $4.78 billion, a P/E ratio of 17.20 and a beta of 0.49. The firm's fifty day simple moving average is $115.42 and its two-hundred day simple moving average is $112.84.

Science Applications International (NYSE:SAIC - Get Free Report) last issued 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. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period last year, the business posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, equities analysts predict that Science Applications International will post 8.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SAIC. LSV Asset Management grew its position in Science Applications International by 143.2% during the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider's stock valued at $146,621,000 after buying an additional 766,734 shares during the period. Norges Bank bought a new position in Science Applications International in the 2nd quarter worth approximately $81,148,000. AQR Capital Management LLC raised its holdings in Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider's stock valued at $107,379,000 after buying an additional 513,192 shares during the period. Invesco Ltd. increased its stake in shares of Science Applications International by 124.8% during the first quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider's stock valued at $98,191,000 after buying an additional 485,496 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Science Applications International by 78.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider's stock worth $101,608,000 after purchasing an additional 396,037 shares during the period. 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.

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