Science Applications International (NASDAQ:SAIC) Cut to “Buy” at Wall Street Zen

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

A number of other research analysts have also recently issued reports on SAIC. Truist Financial restated a “hold” rating and set a $110.00 price objective (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. Citigroup increased their target price on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. UBS Group lifted their price target on shares of Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group boosted their price target on shares of Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. Finally, Jefferies Financial Group upped their price objective on shares of Science Applications International from $115.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $116.89.

Science Applications International Trading Down 0.9%

NASDAQ:SAIC opened at $126.85 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. Science Applications International has a 1-year low of $81.08 and a 1-year high of $129.70. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 14.28 and a beta of 0.28. The business’s 50-day moving average price is $116.23 and its two-hundred day moving average price is $103.72.

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

Science Applications International Announces Dividend

The business also recently declared 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 was Friday, July 10th. Science Applications International’s dividend payout ratio is 16.67%.

Institutional Investors Weigh In On Science Applications International

Several large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in Science Applications International in the 4th quarter valued at $25,000. Transamerica Financial Advisors LLC increased its holdings in Science Applications International by 477.8% during the 4th 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. Rakuten Securities Inc. increased its holdings in Science Applications International by 1,915.4% during the 2nd 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. Wexford Capital LP acquired a new stake in shares of Science Applications International in the 3rd quarter valued at about $29,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Science Applications International in the 4th quarter valued at about $35,000. 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.