Analysts Set Science Applications International Corporation (NASDAQ:SAIC) Price Target at $115.22

Shares of Science Applications International Corporation (NASDAQ:SAIC) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $115.2222.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Science Applications International from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Citigroup lifted their target price 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. TD Cowen cut their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a research note on Friday, June 12th.

Science Applications International Price Performance

Shares of NASDAQ:SAIC opened at $126.68 on Wednesday. Science Applications International has a 1 year low of $81.08 and a 1 year high of $128.00. The business has a fifty day moving average price of $114.62 and a two-hundred day moving average price of $102.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $5.36 billion, a PE ratio of 14.27 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings data on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Analysts forecast that Science Applications International will post 10.01 earnings per share for the current year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid 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 payout ratio is presently 16.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Danske Bank A S purchased a new position in shares of Science Applications International during the second quarter valued at approximately $254,000. Foster & Motley Inc. purchased a new position in Science Applications International during the 2nd quarter valued at about $2,041,000. Bank of New York Mellon Corp purchased a new position in shares of Science Applications International during the second quarter valued at approximately $44,044,000. Wedge Capital Management L L P NC boosted its holdings in Science Applications International by 4.4% in the second quarter. Wedge Capital Management L L P NC now owns 78,277 shares of the company’s stock worth $8,643,000 after acquiring an additional 3,293 shares in the last quarter. Finally, Fiduciary Financial Group LLC boosted its stake in Science Applications International by 8.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 3,841 shares of the company’s stock worth $424,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other 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.