Science Applications International (NASDAQ:SAIC) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Science Applications International (NASDAQ:SAIC) from a strong-buy rating to a buy rating in a research note published on Saturday.

SAIC has been the topic of a number of other research reports. Truist Financial reiterated a “hold” rating and set a $110.00 target price (up from $95.00) on shares of Science Applications International in a report on Tuesday, June 2nd. BNP Paribas Exane began coverage on Science Applications International in a research report on Wednesday, May 27th. They set a “neutral” rating and a $95.00 price target for the company. UBS Group boosted their price target on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group upped their price objective on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a research report on Friday, June 12th. Finally, Weiss Ratings raised Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Science Applications International currently has an average rating of “Hold” and an average target price of $116.89.

Science Applications International Stock Performance

Shares of SAIC opened at $128.04 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. The stock has a market cap of $5.41 billion, a P/E ratio of 14.42 and a beta of 0.28. The company has a 50-day moving average of $115.88 and a two-hundred day moving average of $103.49. Science Applications International has a 12-month low of $81.08 and a 12-month high of $129.70.

Science Applications International (NASDAQ:SAIC) last announced its quarterly earnings results on Monday, June 1st. The company reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.97. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, research analysts predict that Science Applications International will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.37 per share. The ex-dividend date was Friday, July 10th. This represents a $1.48 dividend on an annualized basis and a yield of 1.2%. Science Applications International’s dividend payout ratio (DPR) is 16.67%.

Institutional Trading of Science Applications International

Several hedge funds and other institutional investors have recently bought and sold shares of SAIC. Los Angeles Capital Management LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $25,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock worth $26,000 after purchasing an additional 215 shares during the last quarter. Wexford Capital LP purchased a new stake in shares of Science Applications International in the third quarter valued at $29,000. Rakuten Securities Inc. grew its position in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock valued at $30,000 after purchasing an additional 249 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of Science Applications International in the fourth quarter valued at $35,000. 76.00% of the stock is owned by hedge funds and other institutional investors.

About Science Applications International

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.