Science Applications International (NYSE:SAIC) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Science Applications International Co. (NYSE:SAIC)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $99.60 and traded as high as $110.97. Science Applications International shares last traded at $109.07, with a volume of 393,287 shares.

Analyst Upgrades and Downgrades

SAIC has been the topic of several research reports. Citigroup boosted their target price on Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. upped their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Friday, December 5th. Finally, UBS Group boosted their price target on shares of Science Applications International from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.70.

Science Applications International Stock Up 0.3%

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The stock has a 50-day simple moving average of $99.60 and a two-hundred day simple moving average of $103.91. The firm has a market cap of $4.92 billion, a PE ratio of 18.39 and a beta of 0.28.

Science Applications International (NYSE:SAIC) last announced its quarterly earnings data 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. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.Science Applications International’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.61 EPS. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. Analysts expect that Science Applications International Co. will post 8.27 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s dividend payout ratio is 18.93%.

Insider Buying and Selling

In other news, CEO James Reagan purchased 1,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was acquired 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management increased its stake in shares of Science Applications International by 143.2% during the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock valued at $146,621,000 after buying an additional 766,734 shares during the period. Norges Bank bought a new position in shares of Science Applications International during the second quarter valued at approximately $81,148,000. Arrowstreet Capital Limited Partnership boosted its holdings in Science Applications International by 78.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock worth $101,608,000 after acquiring an additional 396,037 shares in the last quarter. AQR Capital Management LLC raised its holdings in Science Applications International by 36.3% in the second quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock worth $143,578,000 after buying an additional 347,456 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Science Applications International in the 2nd quarter worth $31,271,000. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

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.