Science Applications International (NYSE:SAIC) Issues Earnings Results, Beats Estimates By $0.51 EPS

Science Applications International (NYSE:SAIC) posted its quarterly earnings results on Thursday. The information technology services provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.51, Briefing.com reports. Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Science Applications International updated its FY 2026 guidance to 9.800-10.000 EPS.

Science Applications International Stock Performance

Shares of SAIC stock opened at $100.61 on Friday. 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 company’s fifty day moving average price is $93.45 and its 200-day moving average price is $105.12. The stock has a market cap of $4.63 billion, a PE ratio of 16.97 and a beta of 0.30. Science Applications International has a 12 month low of $84.15 and a 12 month high of $124.11.

Science Applications International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Wednesday, January 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, January 14th. This represents a $1.48 annualized dividend and a yield of 1.5%. Science Applications International’s dividend payout ratio (DPR) is currently 17.92%.

Hedge Funds Weigh In On Science Applications International

Large investors have recently made changes to their positions in the business. AQR Capital Management LLC increased its holdings in shares of Science Applications International by 36.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,303,894 shares of the information technology services provider’s stock worth $143,578,000 after purchasing an additional 347,456 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Science Applications International in the 2nd quarter worth about $31,271,000. Two Sigma Investments LP raised its position in Science Applications International by 192.4% in the 3rd quarter. Two Sigma Investments LP now owns 170,800 shares of the information technology services provider’s stock worth $16,972,000 after buying an additional 112,382 shares during the last quarter. Man Group plc lifted its stake in Science Applications International by 55.7% during the 2nd quarter. Man Group plc now owns 173,705 shares of the information technology services provider’s stock valued at $19,561,000 after acquiring an additional 62,155 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of Science Applications International by 65.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 82,606 shares of the information technology services provider’s stock worth $8,209,000 after acquiring an additional 32,556 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Science Applications International from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, September 5th. UBS Group cut their price target on shares of Science Applications International from $111.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. The Goldman Sachs Group dropped their target price on shares of Science Applications International from $104.00 to $91.00 and set a “sell” rating for the company in a report on Monday, September 8th. 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. 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 report on Wednesday, September 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.10.

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.