Science Applications International (NYSE:SAIC) Stock Price Down 5.4% – What’s Next?

Science Applications International Co. (NYSE:SAIC) fell 5.4% during trading on Wednesday . The stock traded as low as $106.72 and last traded at $106.62. 201,575 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 466,644 shares. The stock had previously closed at $112.74.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SAIC. UBS Group lifted 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. Citigroup raised their target price on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $117.70.

Science Applications International Price Performance

The stock has a market capitalization of $5.01 billion, a P/E ratio of 18.74 and a beta of 0.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87. The company’s 50-day simple moving average is $98.13 and its 200-day simple moving average is $104.14.

Science Applications International (NYSE:SAIC) last released its quarterly earnings data on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business earned $2.61 EPS. Science Applications International’s revenue for the quarter 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. As a group, sell-side analysts expect that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Wednesday, January 14th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, January 14th. Science Applications International’s dividend payout ratio (DPR) is presently 18.93%.

Insider Activity at Science Applications International

In other Science Applications International news, CEO James Reagan bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were acquired at an average cost of $100.17 per share, with a total value of $100,170.00. Following the acquisition, the chief executive officer owned 26,460 shares of the company’s stock, valued at $2,650,498.20. The trade was a 3.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Science Applications International by 324.1% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246 shares of the information technology services provider’s stock worth $28,000 after buying an additional 188 shares during the period. Quent Capital LLC acquired a new stake in Science Applications International during the third quarter worth approximately $29,000. Wexford Capital LP acquired a new stake in Science Applications International during the third quarter worth approximately $29,000. Rakuten Securities Inc. boosted its holdings in shares of Science Applications International by 1,915.4% during the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 249 shares during the period. Finally, True Wealth Design LLC grew its position in shares of Science Applications International by 315.5% in the second quarter. True Wealth Design LLC now owns 349 shares of the information technology services provider’s stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.