Science Applications International (NYSE:SAIC) Price Target Raised to $133.00

Science Applications International (NYSE:SAIC) had its price target raised by research analysts at Citigroup from $122.00 to $133.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the information technology services provider’s stock. Citigroup’s price objective would suggest a potential upside of 17.42% from the company’s current price.

Several other equities research analysts also recently issued reports on SAIC. JPMorgan Chase & Co. raised their price objective on shares of Science Applications International from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. UBS Group raised their price objective 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. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Science Applications International presently has an average rating of “Hold” and a consensus target price of $117.70.

Science Applications International Stock Down 0.9%

Shares of SAIC traded down $1.05 during mid-day trading on Tuesday, reaching $113.27. The company’s stock had a trading volume of 141,170 shares, compared to its average volume of 480,966. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 19.09 and a beta of 0.28. The business has a fifty day moving average of $96.60 and a 200 day moving average of $104.05. 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 has a 1 year low of $84.15 and a 1 year high of $124.11.

Science Applications International (NYSE:SAIC) last issued its earnings results on Thursday, December 4th. The information technology services provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.51. Science Applications International had a return on equity of 24.18% and a net margin of 4.11%.The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $2.61 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Science Applications International has set its FY 2026 guidance at 9.800-10.000 EPS. As a group, analysts forecast that Science Applications International will post 8.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO James Reagan purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average cost of $100.17 per share, with a total value of $100,170.00. Following the acquisition, the chief executive officer owned 26,460 shares of the company’s stock, valued at $2,650,498.20. This trade represents a 3.93% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

Hedge Funds Weigh In On Science Applications International

Several institutional investors have recently added to or reduced their stakes in the stock. Cresset Asset Management LLC boosted its stake in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the information technology services provider’s stock worth $234,000 after acquiring an additional 88 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Science Applications International by 3.3% during the 1st quarter. Focus Partners Wealth now owns 2,900 shares of the information technology services provider’s stock valued at $326,000 after purchasing an additional 94 shares during the last quarter. Lido Advisors LLC grew its stake in shares of Science Applications International by 1.7% in the 2nd quarter. Lido Advisors LLC now owns 6,437 shares of the information technology services provider’s stock worth $725,000 after buying an additional 107 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Science Applications International by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,467 shares of the information technology services provider’s stock worth $444,000 after purchasing an additional 116 shares during the period. Finally, Pure Financial Advisors LLC boosted its position in Science Applications International by 0.7% in the 2nd quarter. Pure Financial Advisors LLC now owns 17,307 shares of the information technology services provider’s stock valued at $1,949,000 after buying an additional 126 shares during the period. Institutional investors own 76.00% of the company’s stock.

Science Applications International Company Profile

Science Applications International Corp. (NYSE: SAIC) is an American technology integrator that delivers a broad range of engineering, systems integration and information technology (IT) services primarily to U.S. government clients. Founded in 1969 by J. Robert Beyster, the company has built a reputation for supporting defense, intelligence, federal civilian, health and energy agencies with specialized solutions that address mission-critical requirements. SAIC’s offerings span the full lifecycle of complex programs, from concept and design through development, deployment and sustainment.

The company’s core capabilities include systems engineering and integration, enterprise IT modernization, cloud computing, cybersecurity, data analytics and artificial intelligence.