Analysts’ Weekly Ratings Updates for Science Applications International (SAIC)

Several brokerages have updated their recommendations and price targets on shares of Science Applications International (NYSE: SAIC) in the last few weeks:

• 10/22/2024 – Science Applications International was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/14/2024 – Science Applications International was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/11/2024 – Science Applications International had its price target raised by analysts at Wells Fargo & Company from $122.00 to $157.00. They now have an “equal weight” rating on the stock.
• 10/10/2024 – Science Applications International had its price target raised by analysts at Citigroup Inc. from $160.00 to $176.00. They now have a “buy” rating on the stock.
• 10/2/2024 – Science Applications International was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating. They now have a $170.00 price target on the stock, up previously from $150.00.
• 9/16/2024 – Science Applications International had its price target raised by analysts at Barclays PLC from $135.00 to $150.00. They now have an “equal weight” rating on the stock.
• 9/6/2024 – Science Applications International had its price target raised by analysts at JPMorgan Chase & Co. from $132.00 to $150.00. They now have a “neutral” rating on the stock.
• 9/6/2024 – Science Applications International had its price target raised by analysts at Truist Financial Co. from $125.00 to $135.00. They now have a “hold” rating on the stock.
• 9/6/2024 – Science Applications International was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/6/2024 – Science Applications International had its price target raised by analysts at Citigroup Inc. from $155.00 to $160.00. They now have a “buy” rating on the stock.
• 9/6/2024 – Science Applications International had its price target raised by analysts at TD Cowen from $145.00 to $155.00. They now have a “buy” rating on the stock.

Science Applications International Trading Down 0.2 %

Shares of SAIC opened at $143.73 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. Science Applications International Co. has a 1-year low of $105.97 and a 1-year high of $148.65. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 16.83 and a beta of 0.70. The firm has a 50 day simple moving average of $137.27 and a 200-day simple moving average of $128.72.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings data on Thursday, September 5th. The information technology services provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.19. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.80 billion. Science Applications International had a return on equity of 22.88% and a net margin of 3.97%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 earnings per share. Equities analysts forecast that Science Applications International Co. will post 8.2 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.37 per share. The ex-dividend date was Friday, October 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.03%. Science Applications International’s dividend payout ratio (DPR) is currently 17.33%.

Institutional Trading of Science Applications International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Science Applications International in the first quarter valued at $649,000. Cumberland Partners Ltd acquired a new position in shares of Science Applications International during the 1st quarter valued at about $652,000. Sei Investments Co. lifted its holdings in shares of Science Applications International by 53.9% during the 1st quarter. Sei Investments Co. now owns 86,541 shares of the information technology services provider’s stock worth $11,284,000 after acquiring an additional 30,325 shares during the period. Van ECK Associates Corp boosted its position in shares of Science Applications International by 234.3% in the first quarter. Van ECK Associates Corp now owns 92,339 shares of the information technology services provider’s stock worth $12,040,000 after acquiring an additional 64,715 shares during the last quarter. Finally, Apella Capital LLC purchased a new stake in Science Applications International in the second quarter valued at approximately $820,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.