Science Applications International (NYSE:SAIC) Price Target Lowered to $82.00 at The Goldman Sachs Group

Science Applications International (NYSE:SAIC) had its price objective trimmed by The Goldman Sachs Group from $94.00 to $82.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a sell rating on the information technology services provider’s stock.

Several other analysts have also recently commented on the company. UBS Group raised their target price on Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. JPMorgan Chase & Co. increased their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Citigroup lifted their price objective on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $116.44.

Science Applications International Trading Up 1.5%

Shares of NYSE:SAIC opened at $83.45 on Thursday. 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’s 50-day moving average price is $102.96 and its 200 day moving average price is $102.24. The company has a market cap of $3.77 billion, a PE ratio of 14.07 and a beta of 0.28. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $124.11.

Science Applications International (NYSE:SAIC) last posted 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 net margin of 4.11% and a return on equity of 24.18%. Science Applications International’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Sell-side analysts anticipate that Science Applications International will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th were given a $0.37 dividend. The ex-dividend date was Wednesday, January 14th. This represents a $1.48 annualized dividend and a yield of 1.8%. Science Applications International’s payout ratio is 18.93%.

Insider Activity

In related news, CEO James Reagan acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was bought at an average price of $100.17 per share, for a total transaction of $100,170.00. Following the transaction, the chief executive officer owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the stock. LSV Asset Management grew its stake in Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the information technology services provider’s stock valued at $155,518,000 after purchasing an additional 263,006 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in shares of Science Applications International by 229.3% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 69,447 shares of the information technology services provider’s stock worth $6,901,000 after buying an additional 48,359 shares during the period. Integrated Quantitative Investments LLC acquired a new position in Science Applications International in the 2nd quarter valued at $391,000. Allspring Global Investments Holdings LLC boosted its holdings in Science Applications International by 13.3% during 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 acquiring an additional 21,124 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its holdings in Science Applications International by 161.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 7,674 shares of the information technology services provider’s stock valued at $864,000 after buying an additional 4,735 shares during the last quarter. 76.00% of the stock is owned by institutional investors and hedge funds.

Science Applications International Company Profile

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.