Science Applications International (NASDAQ:SAIC) Issues Earnings Results

Science Applications International (NASDAQ:SAIC) posted its quarterly earnings results on Monday. The company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.70, FiscalAI reports. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.76 billion. Science Applications International had a return on equity of 36.96% and a net margin of 5.55%.

Science Applications International Stock Performance

SAIC opened at $125.96 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day simple moving average is $118.02 and its two-hundred day simple moving average is $104.55. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 14.18 and a beta of 0.28. Science Applications International has a 1-year low of $81.08 and a 1-year high of $130.98.

Science Applications International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 9th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SAIC. JPMorgan Chase & Co. upped their price objective on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Jefferies Financial Group lifted their price objective on Science Applications International from $115.00 to $130.00 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Citigroup lifted their price target on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. UBS Group lifted their target price on shares of Science Applications International from $113.00 to $119.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane started coverage on shares of Science Applications International in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average target price of $116.89.

Institutional Trading of Science Applications International

Large investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of Science Applications International by 20.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock valued at $264,429,000 after acquiring an additional 441,296 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Science Applications International by 25.9% during the 4th quarter. First Trust Advisors LP now owns 1,912,390 shares of the company’s stock worth $192,501,000 after purchasing an additional 393,344 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Science Applications International by 15.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,350,222 shares of the company’s stock worth $135,920,000 after purchasing an additional 176,160 shares during the last quarter. AQR Capital Management LLC raised its holdings in Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the company’s stock valued at $143,578,000 after buying an additional 347,456 shares during the period. Finally, Invesco Ltd. lifted its position in Science Applications International by 3.1% in the third quarter. Invesco Ltd. now owns 910,936 shares of the company’s stock valued at $90,520,000 after buying an additional 27,548 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Science Applications International Company Profile

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.