Citigroup Issues Positive Forecast for Science Applications International (NYSE:SAIC) Stock Price

Science Applications International (NYSE:SAIC) had its target price raised by Citigroup from $122.00 to $133.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the information technology services provider’s stock.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. UBS Group lifted their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.70.

Science Applications International Stock Down 1.4%

Science Applications International stock opened at $112.74 on Tuesday. The firm has a market capitalization of $5.09 billion, a P/E ratio of 19.01 and a beta of 0.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a twelve month low of $84.15 and a twelve month high of $124.11. The stock’s fifty day simple moving average is $97.02 and its 200-day simple moving average is $104.07.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.07 by $0.51. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, equities analysts expect that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s dividend payout ratio (DPR) is 18.93%.

Insiders Place Their Bets

In other news, CEO James Reagan acquired 1,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average price of $100.17 per share, with a total value of $100,170.00. Following the completion of the acquisition, the chief executive officer owned 26,460 shares in the company, valued at $2,650,498.20. This trade represents a 3.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Science Applications International by 61.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,802 shares of the information technology services provider’s stock valued at $1,874,000 after acquiring an additional 6,011 shares during the period. Integrated Quantitative Investments LLC purchased a new position in shares of Science Applications International in the 2nd quarter valued at about $391,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Science Applications International by 13.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 180,253 shares of the information technology services provider’s stock valued at $18,229,000 after purchasing an additional 21,124 shares during the period. Focus Partners Advisor Solutions LLC boosted its holdings in Science Applications International by 161.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock worth $864,000 after buying an additional 4,735 shares in the last quarter. Finally, LBP AM SA boosted its holdings in Science Applications International by 136.3% during the second quarter. LBP AM SA now owns 62,491 shares of the information technology services provider’s stock worth $7,037,000 after buying an additional 36,045 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.