Science Applications International (NASDAQ:SAIC) Reaches New 12-Month High – Here’s Why

Science Applications International Corporation (NASDAQ:SAIC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $128.00 and last traded at $126.7950, with a volume of 13997 shares trading hands. The stock had previously closed at $126.31.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Truist Financial reissued a “hold” rating and issued a $110.00 price target (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. boosted their target price on Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised shares of Science Applications International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 20th. Finally, TD Cowen cut their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $115.22.

Science Applications International Stock Down 0.8%

The firm has a fifty day moving average of $114.17 and a 200-day moving average of $102.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.73. The firm has a market cap of $5.30 billion, a P/E ratio of 14.10 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last posted its quarterly 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. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities research analysts anticipate that Science Applications International Corporation will post 10.01 earnings per share for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International’s dividend payout ratio is presently 16.67%.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Science Applications International by 22.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock valued at $16,454,000 after acquiring an additional 26,633 shares during the period. Empowered Funds LLC raised its holdings in shares of Science Applications International by 93.2% in the 1st quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock valued at $1,204,000 after purchasing an additional 5,173 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Science Applications International by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock valued at $16,863,000 after purchasing an additional 7,816 shares during the period. Focus Partners Wealth lifted its stake in Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Science Applications International by 1.0% in the 2nd quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock valued at $1,952,000 after purchasing an additional 171 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.