Science Applications International (NASDAQ:SAIC) Issues Quarterly Earnings Results

Science Applications International (NASDAQ:SAIC) issued its earnings results on Monday. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.79 by $0.83, FiscalAI reports. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.78 billion. Science Applications International had a return on equity of 33.19% and a net margin of 5.05%.

Science Applications International Stock Performance

Science Applications International stock opened at $91.91 on Monday. Science Applications International has a 1-year low of $81.08 and a 1-year high of $124.11. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $4.15 billion, a PE ratio of 11.75 and a beta of 0.31. The firm’s 50 day simple moving average is $98.45 and its 200 day simple moving average is $98.25.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th 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 1.6%. The ex-dividend date is Friday, April 10th. Science Applications International’s payout ratio is presently 18.93%.

Insider Activity

In related news, CEO James Reagan bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average cost of $100.17 per share, for a total transaction of $100,170.00. Following the completion of the transaction, the chief executive officer owned 26,460 shares of the company’s stock, valued at approximately $2,650,498.20. The trade was a 3.93% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cresset Asset Management LLC raised its holdings in Science Applications International by 4.4% in the 2nd quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock worth $234,000 after purchasing an additional 88 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Science Applications International by 3.3% in the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock worth $326,000 after purchasing an additional 94 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Science Applications International by 0.5% during the 4th quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock valued at $3,067,000 after purchasing an additional 151 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Science Applications International by 1.0% during the second quarter. Baird Financial Group Inc. now owns 17,335 shares of the company’s stock valued at $1,952,000 after buying an additional 171 shares during the period. Finally, StoneX Group Inc. increased its position in shares of Science Applications International by 3.1% during the fourth quarter. StoneX Group Inc. now owns 6,355 shares of the company’s stock valued at $640,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SAIC. JPMorgan Chase & Co. increased their price target on Science Applications International from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Science Applications International in a research report on Monday, December 29th. UBS Group lifted 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. Citigroup boosted their price target on shares of Science Applications International from $122.00 to $133.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Science Applications International from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $116.44.

About Science Applications International

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.