Science Applications International (NASDAQ:SAIC) Shares Gap Up Following Earnings Beat

Science Applications International Corporation (NASDAQ:SAIC)’s stock price gapped up prior to trading on Monday following a stronger than expected earnings report. The stock had previously closed at $104.20, but opened at $120.19. Science Applications International shares last traded at $117.53, with a volume of 220,227 shares.

The company reported $3.23 earnings per share 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 33.15% and a net margin of 4.93%.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 posted $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, July 10th. Science Applications International’s dividend payout ratio is presently 19.25%.

Analysts Set New Price Targets

SAIC has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Science Applications International from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Stifel Nicolaus cut their price target on Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Truist Financial reduced their price target on Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research report on Tuesday, March 17th. The Goldman Sachs Group dropped their price objective on Science Applications International from $94.00 to $82.00 and set a “sell” rating on the stock in a report on Thursday, February 12th. Finally, Zacks Research downgraded Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three equities 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $109.20.

Institutional Investors Weigh In On Science Applications International

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Science Applications International in the 4th quarter valued at approximately $53,403,000. Fuller & Thaler Asset Management Inc. raised its stake in Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after buying an additional 441,296 shares during the last quarter. First Trust Advisors LP boosted its holdings in Science Applications International by 25.9% in the fourth quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after acquiring an additional 393,344 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock worth $143,578,000 after acquiring an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Science Applications International in the second quarter worth $31,271,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.65. The firm has a fifty day moving average price of $96.43 and a two-hundred day moving average price of $96.74. The stock has a market capitalization of $5.12 billion, a P/E ratio of 15.30 and a beta of 0.29.

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.