Science Applications International (NYSE:SAIC) Hits New 52-Week Low After Analyst Downgrade

Science Applications International Co. (NYSE:SAIC)’s share price reached a new 52-week low during trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $94.00 to $82.00. The Goldman Sachs Group currently has a sell rating on the stock. Science Applications International traded as low as $81.08 and last traded at $82.22, with a volume of 2496492 shares. The stock had previously closed at $97.92.

SAIC has been the topic of several other reports. JPMorgan Chase & Co. upped their price target on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. UBS Group upped their target price on 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 increased their price target on shares of Science Applications International from $122.00 to $133.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Three 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. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $116.44.

Insider Buying and Selling

In other Science Applications International news, CEO James Reagan acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $100.17 per share, with a total value of $100,170.00. Following the completion of the transaction, the chief executive officer owned 26,460 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Institutional Investors Weigh In On Science Applications International

Institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC increased its holdings in shares of Science Applications International by 4.4% during the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider’s stock valued at $234,000 after acquiring an additional 88 shares during the last quarter. Focus Partners Wealth grew its holdings in Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. Lido Advisors LLC grew its holdings in Science Applications International by 1.7% during the second quarter. Lido Advisors LLC now owns 6,437 shares of the information technology services provider’s stock valued at $725,000 after purchasing an additional 107 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Science Applications International by 5.5% in the fourth 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 period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Science Applications International by 3.8% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the information technology services provider’s stock worth $319,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

Science Applications International Trading Up 3.8%

The company’s fifty day moving average is $102.68 and its 200-day moving average is $102.06. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $3.91 billion, a P/E ratio of 14.61 and a beta of 0.28.

Science Applications International (NYSE:SAIC) last announced its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 EPS 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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $2.61 EPS. The business’s quarterly revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, sell-side analysts anticipate that Science Applications International Co. will post 8.27 earnings per share for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 28th. Investors of record on Wednesday, January 14th were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, January 14th. This represents a $1.48 annualized dividend and a yield of 1.7%. Science Applications International’s dividend payout ratio is presently 18.93%.

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.