Science Applications International (NASDAQ:SAIC) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Science Applications International (NASDAQ:SAIC) from a buy rating to a strong-buy rating in a research report released on Sunday morning.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their target price on shares of Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. BNP Paribas Exane started coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target for the company. 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 research report on Tuesday, June 2nd. Finally, Weiss Ratings raised Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $116.89.

Science Applications International Stock Performance

NASDAQ:SAIC opened at $125.96 on Friday. Science Applications International has a one year low of $81.08 and a one year high of $130.98. The business has a fifty day moving average price of $118.02 and a 200-day moving average price of $104.55. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.18 and a beta of 0.28. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.42 earnings per share. Science Applications International’s quarterly revenue was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that Science Applications International will post 10.01 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in shares of Science Applications International by 10,238.4% in the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after buying an additional 5,467,211 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Science Applications International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock valued at $458,502,000 after acquiring an additional 15,272 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Science Applications International by 20.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock worth $264,429,000 after acquiring an additional 441,296 shares in the last quarter. First Trust Advisors LP grew its position in Science Applications International by 25.9% in the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after acquiring an additional 393,344 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Science Applications International by 13.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company’s stock worth $145,730,000 after acquiring an additional 185,066 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

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.