Science Applications International (NASDAQ:SAIC) Sets New 52-Week High – What’s Next?

Science Applications International Corporation (NASDAQ:SAIC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $130.53 and last traded at $129.5650, with a volume of 108379 shares. The stock had previously closed at $127.58.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. The Goldman Sachs Group upped their price objective on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a report on Friday, June 12th. TD Cowen lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group raised their target price on Science Applications International from $115.00 to $130.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.89.

Science Applications International Price Performance

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 company has a market cap of $5.33 billion, a price-to-earnings ratio of 14.18 and a beta of 0.28. The stock’s 50-day simple moving average is $118.02 and its 200 day simple moving average is $104.51.

Science Applications International (NASDAQ:SAIC) last posted 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. 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 net margin of 5.55% and a return on equity of 36.96%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. 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 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. Science Applications International’s payout ratio is currently 16.67%.

Hedge Funds Weigh In On Science Applications International

Institutional investors have recently bought and sold shares of the company. Comerica Bank raised its position in Science Applications International by 46.2% in the 4th quarter. Comerica Bank now owns 61,863 shares of the company’s stock valued at $6,227,000 after purchasing an additional 19,554 shares in the last quarter. Islay Capital Management LLC acquired a new position in shares of Science Applications International during the fourth quarter worth about $971,000. Vanguard Group Inc. grew its position in shares of Science Applications International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after buying an additional 15,272 shares in the last quarter. Seizert Capital Partners LLC increased its stake in shares of Science Applications International by 122.4% during the fourth quarter. Seizert Capital Partners LLC now owns 107,922 shares of the company’s stock worth $10,863,000 after buying an additional 59,386 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $145,730,000 after acquiring an additional 185,066 shares in the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

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.