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 during trading on Thursday . The company traded as high as $123.58 and last traded at $122.95, with a volume of 43258 shares trading hands. The stock had previously closed at $120.30.

Analyst Ratings Changes

SAIC has been the topic of several analyst reports. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 20th. Citigroup increased their target price on Science Applications International from $120.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. TD Cowen decreased their price target on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. UBS Group lifted their price target on shares of Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $115.22.

Science Applications International Stock Performance

The company has a 50-day moving average of $112.63 and a 200-day moving average of $101.81. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 13.87 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.

Science Applications International (NASDAQ:SAIC) last released its quarterly earnings data on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.97. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 earnings per share. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. On average, equities research analysts forecast that Science Applications International Corporation will post 10.01 earnings per share for the current fiscal year.

Science Applications International Announces Dividend

The firm also recently disclosed 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. Science Applications International’s dividend payout ratio is currently 16.67%.

Institutional Investors Weigh In On Science Applications International

Several institutional investors and hedge funds have recently bought and sold shares of SAIC. LBP AM SA increased its holdings in shares of Science Applications International by 39.1% during the fourth quarter. LBP AM SA now owns 80,767 shares of the company’s stock valued at $8,130,000 after purchasing an additional 22,692 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Science Applications International by 57.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 54,395 shares of the company’s stock worth $5,514,000 after purchasing an additional 19,920 shares during the period. Ruffer LLP bought a new position in Science Applications International in the 4th quarter valued at about $5,813,000. Comerica Bank grew its position in Science Applications International by 46.2% in the 4th quarter. Comerica Bank now owns 61,863 shares of the company’s stock valued at $6,227,000 after buying an additional 19,554 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Science Applications International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,554,957 shares of the company’s stock valued at $458,502,000 after buying an additional 15,272 shares during the period. Institutional investors and hedge funds 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.