Science Applications International (SAIC) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Science Applications International in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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6 Wall Street analysts have issued 1 year target prices for Science Applications International's stock. Their SAIC share price forecasts range from $97.00 to $127.00. On average, they expect the company's stock price to reach $113.00 in the next year. This suggests a possible upside of 6.9% from the stock's current price.
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Science Applications International's stock was trading at $110.93 on January 1st, 2023. Since then, SAIC stock has decreased by 4.7% and is now trading at $105.70.
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The company is scheduled to release its next quarterly earnings announcement on Monday, December 4th 2023.
View our SAIC earnings forecast.

Science Applications International Co. (NYSE:SAIC) released its earnings results on Thursday, September, 7th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.43. The information technology services provider earned $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. Science Applications International had a trailing twelve-month return on equity of 25.76% and a net margin of 6.49%. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS.

Science Applications International declared a quarterly dividend on Wednesday, September 6th. Investors of record on Friday, October 13th will be given a dividend of $0.37 per share on Friday, October 27th. This represents a $1.48 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, October 12th.
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 (NYSE:SAIC) pays an annual dividend of $1.48 per share and currently has a dividend yield of 1.40%. 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 19.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SAIC.

Science Applications International updated its FY24 earnings guidance on Thursday, September, 7th. The company provided EPS guidance of $7.20-7.40 for the period, compared to the consensus earnings per share estimate of $7.16. The company issued revenue guidance of $7.20-7.25 billion, compared to the consensus revenue estimate of $7.20 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAIC."

Science Applications International's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.21%), Boston Partners (6.94%), State Street Corp (2.91%), Dimensional Fund Advisors LP (1.77%), Geode Capital Management LLC (1.59%) and Northern Trust Corp (1.19%). Insiders that own company stock include Katharina G Mcfarland, Michael W Larouche, 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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One share of SAIC stock can currently be purchased for approximately $105.70.

Science Applications International (NYSE:SAIC) has a market capitalization of $5.60 billion and generates $7.70 billion in revenue each year. The information technology services provider earns $300 million in net income (profit) each year or $9.14 on an earnings per share basis.

The company employs 25,000 workers across the globe.

Science Applications International's mailing address is 12010 SUNSET HILLS ROAD, RESTON VA, 20190. The official website for the company is www.saic.com. The information technology services provider can be reached via phone at (703) 676-4300 or via email at shane.p.canestra@saic.com.