Science Applications International (NASDAQ:SAIC) Hits New 52-Week High on Analyst Upgrade

Shares of Science Applications International Corporation (NASDAQ:SAIC) reached a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from $115.00 to $130.00. Jefferies Financial Group currently has a hold rating on the stock. Science Applications International traded as high as $128.28 and last traded at $128.20, with a volume of 52364 shares. The stock had previously closed at $125.95.

A number of other brokerages also recently commented on SAIC. Citigroup raised their price objective on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research 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 note on Wednesday, June 3rd. The Goldman Sachs Group increased 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. TD Cowen lowered their target price on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Science Applications International currently has an average rating of “Hold” and an average price target of $116.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Science Applications International by 57.8% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,395 shares of the company’s stock worth $5,514,000 after purchasing an additional 19,920 shares during the period. Comerica Bank increased its stake in shares of 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 acquiring an additional 19,554 shares during the last quarter. Islay Capital Management LLC acquired a new stake in shares of Science Applications International in the 4th quarter valued at approximately $971,000. Vanguard Group Inc. boosted its stake in Science Applications International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock worth $458,502,000 after acquiring an additional 15,272 shares during the last quarter. Finally, Seizert Capital Partners LLC increased its stake in Science Applications International by 122.4% in the fourth quarter. Seizert Capital Partners LLC now owns 107,922 shares of the company’s stock valued at $10,863,000 after purchasing an additional 59,386 shares in the last quarter. Institutional investors own 76.00% of the company’s stock.

Science Applications International Trading Down 1.9%

The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 14.22 and a beta of 0.28. 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’s fifty day simple moving average is $115.60 and its two-hundred day simple moving average is $103.31.

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, topping the consensus estimate of $2.26 by $0.97. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Research analysts forecast that Science Applications International Corporation will post 10.01 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, July 10th. Science Applications International’s payout ratio is 16.67%.

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.