Science Applications International (NASDAQ:SAIC) Reaches New 52-Week High – Here’s Why

Shares of Science Applications International Corporation (NASDAQ:SAIC) hit a new 52-week high during trading on Thursday . The company traded as high as $128.00 and last traded at $126.7950, with a volume of 13997 shares. The stock had previously closed at $126.31.

Analyst Upgrades and Downgrades

A number of research firms have weighed in 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 research report on Tuesday, June 2nd. The Goldman Sachs Group lifted their target price on Science Applications International from $85.00 to $96.00 and gave the stock a “sell” rating in a research report on Friday, June 12th. BNP Paribas Exane began coverage on Science Applications International in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price target on the stock. Wall Street Zen raised Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Finally, TD Cowen lowered their price objective on Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Science Applications International presently has an average rating of “Hold” and an average price target of $115.22.

Science Applications International Stock Up 0.0%

The stock has a market capitalization of $5.36 billion, a P/E ratio of 14.27 and a beta of 0.28. 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’s 50 day simple moving average is $114.62 and its 200 day simple moving average is $102.66.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, June 1st. The company reported $3.23 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. The company’s revenue was up 1.5% on a year-over-year basis. 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 Corporation will post 10.01 EPS for the current fiscal year.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International’s payout ratio is currently 16.67%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SAIC. Los Angeles Capital Management LLC acquired a new position in shares of Science Applications International in the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its position in shares of Science Applications International by 477.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company’s stock valued at $26,000 after acquiring an additional 215 shares in the last quarter. Rakuten Securities Inc. lifted its stake in Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the company’s stock worth $30,000 after purchasing an additional 249 shares during the last quarter. Wexford Capital LP acquired a new position in Science Applications International in the third quarter worth $29,000. Finally, Global Retirement Partners LLC acquired a new position in Science Applications International in the fourth quarter worth $35,000. Institutional investors own 76.00% of the company’s stock.

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.