Science Applications International Co. Declares Quarterly Dividend of $0.37 (NYSE:SAIC)

Science Applications International Co. (NYSE:SAIC) announced a quarterly dividend on Tuesday, December 2nd. Investors of record on Wednesday, January 14th will be paid a dividend of 0.37 per share by the information technology services provider on Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, January 14th.

Science Applications International Stock Up 16.3%

SAIC traded up $14.26 during midday trading on Thursday, hitting $101.79. 2,849,313 shares of the company’s stock traded hands, compared to its average volume of 624,551. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $4.68 billion, a PE ratio of 17.17 and a beta of 0.30. The stock’s fifty day simple moving average is $93.30 and its 200-day simple moving average is $105.30. Science Applications International has a one year low of $84.15 and a one year high of $133.00.

Science Applications International (NYSE:SAIC) last announced its quarterly 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates 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 business posted $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, equities analysts anticipate that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SAIC. Jefferies Financial Group cut their target price on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a report on Wednesday, September 10th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $115.00 price objective (down previously from $140.00) on shares of Science Applications International in a report on Monday, September 8th. Stifel Nicolaus reduced their target price on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a report on Friday, September 5th. UBS Group decreased their target price on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, The Goldman Sachs Group dropped their price target on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $115.10.

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.