Science Applications International - SAIC Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Science Applications International in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings 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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9 Wall Street analysts have issued 1-year target prices for Science Applications International's shares. Their SAIC share price forecasts range from $94.00 to $141.00. On average, they anticipate the company's stock price to reach $114.50 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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Science Applications International's stock was trading at $110.93 at the beginning of 2023. Since then, SAIC stock has decreased by 6.2% and is now trading at $104.08.
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Science Applications International saw a increase in short interest in January. As of January 15th, there was short interest totaling 1,530,000 shares, an increase of 47.1% from the December 31st total of 1,040,000 shares. Based on an average daily volume of 345,500 shares, the days-to-cover ratio is presently 4.4 days. Currently, 2.8% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, March 27th 2023.
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Science Applications International Co. (NYSE:SAIC) announced its earnings results on Monday, December, 5th. The information technology services provider reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.16. The information technology services provider had revenue of $1.91 billion for the quarter, compared to analysts' expectations of $1.86 billion. Science Applications International had a trailing twelve-month return on equity of 23.84% and a net margin of 3.58%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $1.85 earnings per share.

Science Applications International announced a quarterly dividend on Wednesday, November 30th. Investors of record on Friday, January 13th will be given a dividend of $0.37 per share on Friday, January 27th. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 12th.
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 1.42%. The dividend payout ratio is 30.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SAIC will have a dividend payout ratio of 20.11% 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 FY 2023 earnings guidance on Tuesday, December, 6th. The company provided EPS guidance of $7.05-$7.20 for the period, compared to the consensus earnings per share estimate of $7.08. The company issued revenue guidance of $7.60 billion-$7.60 billion, compared to the consensus revenue estimate of $7.53 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), Raytheon Technologies (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 institutional and retail investors. Top institutional investors include New York State Common Retirement Fund (0.48%), Strs Ohio (0.29%), Ceredex Value Advisors LLC (0.23%), Wedge Capital Management L L P NC (0.21%), Comerica Bank (0.13%) and Foundry Partners LLC (0.11%). Insiders that own company stock include Charles Alexander Mathis, Katharina G Mcfarland, Nazzic S Keene, Prabu Natarajan, Steven G Mahon, Timothy J Mayopoulos and Yvette Kanouff.
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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 $104.08.

Science Applications International (NYSE:SAIC) has a market capitalization of $5.69 billion and generates $7.39 billion in revenue each year. The information technology services provider earns $277 million in net income (profit) each year or $4.80 on an earnings per share basis.

The company employs 26,000 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.