Science Applications International (NYSE:SAIC) Given New $82.00 Price Target at The Goldman Sachs Group

Science Applications International (NYSE:SAIC) had its target price reduced by equities research analysts at The Goldman Sachs Group from $94.00 to $82.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “sell” rating on the information technology services provider’s stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 0.99% from the stock’s previous close.

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. boosted their price target on Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. UBS Group upped their price objective on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, December 8th. Finally, Citigroup raised their target price on Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.44.

Science Applications International Price Performance

Shares of NYSE SAIC traded up $0.60 during trading on Thursday, hitting $82.82. The company had a trading volume of 374,779 shares, compared to its average volume of 587,195. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 14.05 and a beta of 0.28. The stock has a fifty day simple moving average of $103.33 and a two-hundred day simple moving average of $102.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International has a fifty-two week low of $81.08 and a fifty-two week high of $124.11.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $2.61 EPS. Science Applications International’s quarterly revenue was down 5.6% compared to the same quarter last year. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. On average, research analysts expect that Science Applications International will post 8.27 earnings per share for the current year.

Insider Transactions at Science Applications International

In other Science Applications International news, CEO James Reagan purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $100.17 per share, with a total value of $100,170.00. Following the transaction, the chief executive officer directly owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. This represents a 3.93% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cresset Asset Management LLC grew its position in shares of Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider’s stock worth $234,000 after buying an additional 88 shares in the last quarter. Focus Partners Wealth lifted its stake in Science Applications International by 3.3% in the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock worth $326,000 after acquiring an additional 94 shares during the last quarter. Lido Advisors LLC grew its holdings in Science Applications International by 1.7% during the 2nd quarter. Lido Advisors LLC now owns 6,437 shares of the information technology services provider’s stock worth $725,000 after acquiring an additional 107 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Science Applications International by 5.5% in the 4th quarter. International Assets Investment Management LLC now owns 2,120 shares of the information technology services provider’s stock valued at $213,000 after purchasing an additional 111 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the information technology services provider’s stock valued at $319,000 after purchasing an additional 115 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

About Science Applications International

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.