Stifel Nicolaus Cuts Science Applications International (NYSE:SAIC) Price Target to $128.00

Science Applications International (NYSE:SAIC) had its price target decreased by Stifel Nicolaus from $130.00 to $128.00 in a report published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the information technology services provider’s stock.

Other research analysts have also recently issued reports about the company. Barclays dropped their target price on Science Applications International from $115.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Monday, June 9th. Truist Financial increased their price target on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, July 24th. UBS Group reduced their target price on shares of Science Applications International from $121.00 to $111.00 and set a “neutral” rating for the company in a report on Tuesday, June 3rd. Jefferies Financial Group lifted their target price on shares of Science Applications International from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company increased their price target on Science Applications International from $132.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $125.36.

Science Applications International Price Performance

Shares of NYSE SAIC opened at $104.93 on Friday. The firm has a market cap of $4.92 billion, a P/E ratio of 17.69 and a beta of 0.49. Science Applications International has a twelve month low of $94.68 and a twelve month high of $156.34. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $115.42 and a 200 day moving average of $112.84.

Science Applications International (NYSE:SAIC) last posted its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $1.38. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $2.05 EPS. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, research analysts expect that Science Applications International will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 10th. Science Applications International’s payout ratio is 17.92%.

Institutional Trading of Science Applications International

A number of large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Science Applications International by 324.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 188 shares during the last quarter. Rakuten Securities Inc. lifted its position in Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock valued at $30,000 after purchasing an additional 249 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Science Applications International by 112.1% in the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider’s stock worth $31,000 after buying an additional 148 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Science Applications International by 43.2% in the 1st quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock worth $36,000 after buying an additional 98 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Science Applications International by 38.5% in the 1st quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.

About Science Applications International

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.