Science Applications International (NASDAQ:SAIC) Sets New 1-Year High – What’s Next?

Science Applications International Corporation (NASDAQ:SAIC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $128.28 and last traded at $128.20, with a volume of 52364 shares changing hands. The stock had previously closed at $125.95.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SAIC shares. Wall Street Zen upgraded Science Applications International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Truist Financial reiterated a “hold” rating and issued a $110.00 target price (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. Citigroup increased their price target on shares of Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Science Applications International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, TD Cowen cut their price objective on shares of Science Applications International from $130.00 to $125.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $115.22.

Science Applications International Stock Up 2.8%

The stock has a market cap of $5.47 billion, a PE ratio of 14.59 and a beta of 0.28. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.73. The business has a 50-day moving average price of $115.08 and a 200-day moving average price of $102.95.

Science Applications International (NASDAQ:SAIC) last issued its quarterly earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, topping the consensus estimate of $2.26 by $0.97. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.82 billion. Science Applications International had a net margin of 5.55% and a return on equity of 36.96%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 EPS. Science Applications International has set its FY 2027 guidance at 9.900-10.100 EPS. As a group, analysts forecast that Science Applications International Corporation will post 10.01 earnings per share for the current year.

Science Applications International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a $0.37 dividend. The ex-dividend date was Friday, July 10th. This represents a $1.48 annualized dividend and a dividend yield of 1.1%. Science Applications International’s dividend payout ratio (DPR) is 16.67%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Science Applications International by 22.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 146,555 shares of the company’s stock worth $16,454,000 after buying an additional 26,633 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Science Applications International by 93.2% in the first quarter. Empowered Funds LLC now owns 10,722 shares of the company’s stock worth $1,204,000 after acquiring an additional 5,173 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Science Applications International by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 150,204 shares of the company’s stock worth $16,863,000 after acquiring an additional 7,816 shares during the last quarter. Focus Partners Wealth increased its position in shares of Science Applications International by 3.3% during the first quarter. Focus Partners Wealth now owns 2,900 shares of the company’s stock worth $326,000 after purchasing an additional 94 shares in the last quarter. Finally, 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 worth $1,952,000 after purchasing an additional 171 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.

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.