Science Applications International (NASDAQ:SAIC) Price Target Raised to $132.00

Science Applications International (NASDAQ:SAIC) had its price objective boosted by Citigroup from $120.00 to $132.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 18.63% from the stock’s previous close.

Several other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research note on Friday, March 27th. Zacks Research cut Science Applications International from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Truist Financial cut their target price on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. Stifel Nicolaus cut their target price on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Tuesday, March 17th. Finally, Wall Street Zen cut Science Applications International from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $111.90.

Science Applications International Stock Performance

SAIC stock traded up $7.07 during trading on Tuesday, reaching $111.27. The stock had a trading volume of 1,842,266 shares, compared to its average volume of 477,629. Science Applications International has a 52 week low of $81.08 and a 52 week high of $123.41. The stock’s 50 day moving average is $96.79 and its two-hundred day moving average is $96.91. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.65. The firm has a market cap of $4.83 billion, a PE ratio of 14.64 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last posted its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.97. Science Applications International had a return on equity of 33.15% and a net margin of 4.93%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. Science Applications International’s revenue was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, equities analysts anticipate that Science Applications International will post 9.61 earnings per share for the current year.

Institutional Investors Weigh In On Science Applications International

A number of institutional investors and hedge funds have recently bought and sold shares of SAIC. Los Angeles Capital Management LLC bought a new position in shares of Science Applications International in the 4th quarter worth $25,000. Transamerica Financial Advisors LLC increased its position in Science Applications International by 477.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after buying an additional 215 shares in the last quarter. Rakuten Securities Inc. increased its position in Science Applications International by 1,915.4% during the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after buying an additional 249 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Science Applications International in the third quarter valued at about $29,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Science Applications International in the fourth quarter valued at about $35,000. 76.00% of the stock is owned by institutional investors.

Science Applications International News Summary

Here are the key news stories impacting Science Applications International this week:

• Positive Sentiment: SAIC delivered a major Q1 earnings beat, with EPS and revenue both above forecasts, reinforcing the case for improved execution and margin expansion.
• Positive Sentiment: The company raised fiscal 2027 profit guidance and signaled stronger margins and earnings ahead, which is a key catalyst for the stock.
• Positive Sentiment: Large contract wins and a $22.9 billion backlog provide strong revenue visibility, especially in defense and civilian markets. SAIC Announces First Quarter of Fiscal Year 2027 Results
• Neutral Sentiment: JPMorgan raised its price target on SAIC to $125 from $110 but kept a neutral rating, suggesting valuation is better but the firm is not fully bullish. Benzinga Report
• Neutral Sentiment: Management also announced a leadership change in the Civilian business group, which may matter strategically but is not an immediate earnings driver.

About Science Applications International

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company’s core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC’s work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.