Science Applications International (NYSE:SAIC) Reaches New 12-Month Low – Here’s What Happened

Science Applications International Co. (NYSE:SAIC) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $89.71 and last traded at $90.09, with a volume of 135082 shares. The stock had previously closed at $90.52.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAIC. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $115.00 target price (down from $140.00) on shares of Science Applications International in a report on Monday, September 8th. UBS Group lowered their price objective on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Truist Financial lifted their price objective on shares of Science Applications International from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, July 24th. The Goldman Sachs Group decreased their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating on the stock in a research report on Monday, September 8th. Finally, Stifel Nicolaus reduced their price objective on Science Applications International from $130.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, September 5th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $115.10.

Science Applications International Trading Up 1.2%

The company’s 50 day moving average price is $100.36 and its two-hundred day moving average price is $109.71. The firm has a market cap of $4.22 billion, a PE ratio of 15.42 and a beta of 0.43. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20.

Science Applications International (NYSE:SAIC) last issued its quarterly earnings results on Thursday, September 4th. The information technology services provider reported $3.63 EPS for the quarter, beating the consensus estimate of $2.25 by $1.38. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.87 billion. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. As a group, sell-side analysts forecast that Science Applications International Co. will post 8.27 EPS for the current year.

Science Applications International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, October 10th. Science Applications International’s dividend payout ratio is presently 17.92%.

Hedge Funds Weigh In On Science Applications International

Hedge funds have recently bought and sold shares of the business. LSV Asset Management increased its stake in Science Applications International by 143.2% in the second quarter. LSV Asset Management now owns 1,302,029 shares of the information technology services provider’s stock worth $146,621,000 after purchasing an additional 766,734 shares during the period. Norges Bank purchased a new position in Science Applications International in the 2nd quarter worth about $81,148,000. AQR Capital Management LLC lifted its holdings in Science Applications International by 115.8% during the 1st quarter. AQR Capital Management LLC now owns 956,438 shares of the information technology services provider’s stock valued at $107,379,000 after buying an additional 513,192 shares in the last quarter. Invesco Ltd. lifted its holdings in Science Applications International by 124.8% during the 1st quarter. Invesco Ltd. now owns 874,595 shares of the information technology services provider’s stock valued at $98,191,000 after buying an additional 485,496 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Science Applications International by 78.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 902,302 shares of the information technology services provider’s stock valued at $101,608,000 after buying an additional 396,037 shares during the period. Institutional investors own 76.00% of the company’s stock.

About Science Applications International

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.