Brokerages Set Science Applications International Corporation (NASDAQ:SAIC) Price Target at $114.00

Science Applications International Corporation (NASDAQ:SAIC) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $114.00.

A number of research firms have weighed in on SAIC. Truist Financial reaffirmed a “hold” rating and issued a $110.00 price objective (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. UBS Group lifted their price objective on shares of Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Citigroup lifted their price objective on shares of Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th.

Science Applications International Trading Up 2.4%

Shares of Science Applications International stock opened at $112.96 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a fifty day moving average price of $102.14 and a 200 day moving average price of $99.84. Science Applications International has a 1 year low of $81.08 and a 1 year high of $123.41. The stock has a market cap of $4.78 billion, a PE ratio of 12.72 and a beta of 0.29.

Science Applications International (NASDAQ:SAIC) last issued its earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter last year, the company posted $1.42 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Equities research analysts predict that Science Applications International will post 10.14 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Friday, July 10th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. Science Applications International’s payout ratio is currently 16.67%.

Institutional Trading of Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth about $25,000. Transamerica Financial Advisors LLC increased its stake in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Science Applications International during the third quarter worth about $29,000. Rakuten Securities Inc. increased its stake in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Science Applications International during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

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.