Science Applications International (NASDAQ:SAIC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Science Applications International (NASDAQ:SAICGet Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $110.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.60% from the company’s previous close.

Several other research firms have also commented on SAIC. BNP Paribas Exane started coverage on shares of Science Applications International in a research note on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price objective for the company. The Goldman Sachs Group dropped their price objective on shares of Science Applications International from $94.00 to $82.00 and set a “sell” rating for the company in a research note on Thursday, February 12th. Stifel Nicolaus dropped their price objective on shares of Science Applications International from $128.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Truist Financial lowered their target price on shares of Science Applications International from $110.00 to $95.00 and set a “hold” rating for the company in a research note on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $110.70.

Read Our Latest Analysis on SAIC

Science Applications International Trading Up 7.5%

NASDAQ SAIC traded up $7.81 on Tuesday, hitting $112.01. 1,842,266 shares of the stock were exchanged, compared to its average volume of 477,629. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a fifty day moving average price of $96.79 and a two-hundred day moving average price of $96.91. The firm has a market capitalization of $4.86 billion, a P/E ratio of 14.64 and a beta of 0.28. Science Applications International has a 52-week low of $81.08 and a 52-week high of $123.41.

Science Applications International (NASDAQ:SAICGet Free Report) last posted its quarterly earnings data on Monday, June 1st. The company reported $3.23 EPS 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 net margin of 4.93% and a return on equity of 33.15%. Science Applications International’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. Research analysts forecast that Science Applications International will post 9.61 EPS for the current fiscal year.

Institutional Trading of Science Applications International

Hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management lifted its stake in Science Applications International by 20.2% in the third quarter. LSV Asset Management now owns 1,565,035 shares of the company’s stock worth $155,518,000 after acquiring an additional 263,006 shares during the period. JPMorgan Chase & Co. lifted its stake in Science Applications International by 43.9% in the third quarter. JPMorgan Chase & Co. now owns 175,961 shares of the company’s stock worth $17,485,000 after acquiring an additional 53,684 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Science Applications International by 19.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 216,067 shares of the company’s stock worth $21,870,000 after acquiring an additional 35,814 shares during the period. First Trust Advisors LP lifted its stake in Science Applications International by 3.7% in the third quarter. First Trust Advisors LP now owns 1,519,046 shares of the company’s stock worth $150,947,000 after acquiring an additional 53,895 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Science Applications International by 76.2% in the third quarter. Allianz Asset Management GmbH now owns 219,655 shares of the company’s stock worth $21,827,000 after acquiring an additional 94,978 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.

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About Science Applications International

(Get Free Report)

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.

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