Citigroup Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its target price lifted by research analysts at Citigroup from $122.00 to $133.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Citigroup’s price objective would suggest a potential upside of 17.42% from the stock’s current price.

A number of other brokerages have also weighed in on SAIC. JPMorgan Chase & Co. increased their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. UBS Group increased their price objective on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued 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 $117.70.

Science Applications International Trading Down 0.9%

SAIC traded down $1.05 during mid-day trading on Tuesday, hitting $113.27. 141,170 shares of the stock were exchanged, compared to its average volume of 480,966. The firm’s fifty day moving average is $96.60 and its two-hundred day moving average is $104.05. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a 1-year low of $84.15 and a 1-year high of $124.11. The company has a market cap of $5.11 billion, a PE ratio of 19.09 and a beta of 0.28.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $2.61 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Equities analysts forecast that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO James Reagan acquired 1,000 shares of the stock in a transaction dated Tuesday, December 16th. The shares were bought at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the purchase, the chief executive officer owned 26,460 shares in the company, valued at approximately $2,650,498.20. This trade represents a 3.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Science Applications International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Science Applications International by 324.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 188 shares during the period. Rakuten Securities Inc. boosted its position in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 249 shares during the last quarter. Quent Capital LLC acquired a new stake in Science Applications International in the 3rd quarter valued at $29,000. Wexford Capital LP bought a new stake in Science Applications International during the third quarter worth about $29,000. Finally, True Wealth Design LLC raised its stake in shares of Science Applications International by 315.5% during the 2nd quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 265 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.