Science Applications International (NYSE:SAIC) Reaches New 52-Week Low – Here’s Why

Science Applications International Co. (NYSE:SAIC) shares hit a new 52-week low on Friday . The stock traded as low as $88.25 and last traded at $88.26, with a volume of 48600 shares trading hands. The stock had previously closed at $89.61.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SAIC. Truist Financial increased their price target 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 lowered 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. Stifel Nicolaus reduced their price target on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, September 5th. UBS Group decreased their price target on Science Applications International from $111.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, Jefferies Financial Group cut their price objective on Science Applications International from $130.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $115.10.

Science Applications International Stock Performance

The firm’s 50 day moving average price is $97.98 and its 200-day moving average price is $108.72. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 14.89 and a beta of 0.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.87 and a quick ratio of 0.87.

Science Applications International (NYSE:SAIC) last released its earnings results on Thursday, September 4th. The information technology services provider reported $3.63 earnings per share for the quarter, beating the consensus estimate of $2.25 by $1.38. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the company earned $2.05 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.400-9.600 EPS. On average, analysts anticipate that Science Applications International Co. will post 8.27 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, October 24th. Stockholders of record on Friday, October 10th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. Science Applications International’s dividend payout ratio is presently 17.92%.

Institutional Trading of Science Applications International

Large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 valued at $28,000 after purchasing an additional 188 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Science Applications International during the third quarter worth $29,000. Rakuten Securities Inc. increased its stake in shares of Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the information technology services provider’s stock valued at $30,000 after buying an additional 249 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Science Applications International by 43.2% in the first quarter. Larson Financial Group LLC now owns 325 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 98 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Science Applications International by 38.5% in the first quarter. US Bancorp DE now owns 324 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

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.