Science Applications International (NYSE:SAIC) Stock Price Down 11.7% – Here’s Why

Science Applications International Co. (NYSE:SAIC) shares were down 11.7% during trading on Wednesday . The company traded as low as $87.50 and last traded at $86.4590. Approximately 671,160 shares traded hands during trading, an increase of 27% from the average daily volume of 529,131 shares. The stock had previously closed at $97.92.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SAIC shares. JPMorgan Chase & Co. increased their price objective on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. UBS Group upped their target price on Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, December 8th. The Goldman Sachs Group lowered their price target on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a report on Thursday. Finally, Citigroup lifted their price target on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and a consensus target price of $116.44.

Science Applications International Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $3.91 billion, a PE ratio of 14.61 and a beta of 0.28. The business has a fifty day moving average price of $102.68 and a 200-day moving average price of $102.06.

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

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, January 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. Science Applications International’s dividend payout ratio is 18.93%.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $100.17 per share, for a total transaction of $100,170.00. Following the transaction, the chief executive officer directly owned 26,460 shares in the company, valued at $2,650,498.20. This trade represents a 3.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Several hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Science Applications International by 324.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 188 shares during the period. Los Angeles Capital Management LLC bought a new position in Science Applications International in the 4th quarter worth $25,000. Transamerica Financial Advisors LLC raised its holdings in Science Applications International by 477.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the information technology services provider’s stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of Science Applications International by 1,915.4% in the 2nd quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 249 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Science Applications International during the 3rd quarter valued at about $29,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

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.