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

Science Applications International Corporation (NASDAQ:SAIC) shares hit a new 52-week high on Thursday . The stock traded as high as $130.53 and last traded at $129.5650, with a volume of 108379 shares. The stock had previously closed at $127.58.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BNP Paribas Exane assumed 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 on the stock. JPMorgan Chase & Co. lifted their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Science Applications International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. TD Cowen reduced their price objective on shares of 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. Finally, Wall Street Zen downgraded Science Applications International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $116.89.

Science Applications International Trading Up 1.6%

The company has a market cap of $5.48 billion, a P/E ratio of 14.59 and a beta of 0.28. The business’s 50-day moving average price is $117.02 and its 200 day moving average price is $104.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.16 and a current ratio of 1.16.

Science Applications International (NASDAQ:SAIC) last issued its 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 business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $1.42 EPS. Science Applications International’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, analysts expect that Science Applications International Corporation will post 10.01 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its stake in shares of Science Applications International by 10,238.4% during the 2nd quarter. California State Teachers Retirement System now owns 5,520,610 shares of the company’s stock worth $609,531,000 after buying an additional 5,467,211 shares during the last quarter. Norges Bank acquired a new stake in Science Applications International during the fourth quarter worth approximately $53,403,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Science Applications International by 20.2% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,626,951 shares of the company’s stock worth $264,429,000 after acquiring an additional 441,296 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Science Applications International in the second quarter valued at approximately $44,044,000. Finally, First Trust Advisors LP lifted its holdings in 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 last quarter. 76.00% of the stock is currently owned by 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.