Science Applications International Stock Price, News & Analysis (NYSE:SAIC)

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Science Applications International in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SAIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAIC, but not buy additional shares or sell existing shares.
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7 analysts have issued twelve-month target prices for Science Applications International's stock. Their SAIC share price targets range from $97.00 to $142.00. On average, they expect the company's stock price to reach $123.71 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
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Science Applications International's stock was trading at $110.93 at the beginning of the year. Since then, SAIC shares have increased by 16.3% and is now trading at $129.02.
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Science Applications International saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 815,900 shares, an increase of 18.1% from the October 31st total of 690,700 shares. Based on an average daily trading volume, of 328,400 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.6% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 1st 2024.
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Science Applications International Co. (NYSE:SAIC) posted its quarterly earnings results on Monday, December, 4th. The information technology services provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.58. The information technology services provider had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.79 billion. Science Applications International had a net margin of 6.49% and a trailing twelve-month return on equity of 25.76%. The firm's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS.

Science Applications International announced a quarterly dividend on Friday, December 1st. Stockholders of record on Friday, January 12th will be paid a dividend of $0.37 per share on Friday, January 26th. This represents a $1.48 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Thursday, January 11th.
Read our dividend analysis for SAIC.

Science Applications International (NYSE:SAIC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.23%. The dividend payout ratio is 16.19%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SAIC will have a dividend payout ratio of 19.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SAIC.

ETFs with the largest weight of Science Applications International (NYSE:SAIC) stock in their portfolio include Horizon Kinetics Blockchain Development ETF (BCDF), iShares Cybersecurity and Tech ETF (IHAK), AdvisorShares Focused Equity ETF (CWS), First Trust Nasdaq Cybersecurity ETF (CIBR), First Trust Indxx Aerospace & Defense ETF (MISL), ETFMG Prime Cyber Security ETF (HACK), Invesco S&P MidCap Low Volatility ETF (XMLV) and Invesco S&P MidCap Momentum ETF (XMMO).

Science Applications International issued an update on its FY24 earnings guidance on Monday, December, 4th. The company provided earnings per share (EPS) guidance of $7.70-7.90 for the period, compared to the consensus EPS estimate of $7.42. The company issued revenue guidance of $7.33-7.35 billion, compared to the consensus revenue estimate of $7.24 billion.

139 employees have rated Science Applications International Chief Executive Officer Nazzic Keene on Glassdoor.com. Nazzic Keene has an approval rating of 93% among the company's employees. This puts Nazzic Keene in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Science Applications International investors own include Leidos (LDOS), AbbVie (ABBV), Alibaba Group (BABA), Boeing (BA), NVIDIA (NVDA), AT&T (T), Intel (INTC), QUALCOMM (QCOM), RTX (RTX) and Cisco Systems (CSCO).

Science Applications International's stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (7.31%), Boston Partners (6.08%), FMR LLC (5.33%), Fuller & Thaler Asset Management Inc. (2.98%), Northern Trust Corp (1.19%) and Invesco Ltd. (1.16%). Insiders that own company stock include Katharina G Mcfarland, Michael W Larouche, Michelle A O'hara, Nazzic S Keene, Prabu Natarajan, Robert S Genter, Steven G Mahon and Timothy J Mayopoulos.
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Shares of SAIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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