Science Applications International (NASDAQ:SAIC) Reaches New 1-Year High – Still a Buy?

Science Applications International Corporation (NASDAQ:SAIC)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $123.58 and last traded at $122.95, with a volume of 43258 shares trading hands. The stock had previously closed at $120.30.

Wall Street Analyst Weigh In

SAIC has been the topic of a number of research analyst reports. Truist Financial reiterated a “hold” rating and set a $110.00 price objective (up from $95.00) on shares of Science Applications International in a research note on Tuesday, June 2nd. UBS Group upped their target price on Science Applications International from $113.00 to $119.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. The Goldman Sachs Group increased their price target on Science Applications International from $85.00 to $96.00 and gave the company a “sell” rating in a research note on Friday, June 12th. Citigroup boosted their price objective on Science Applications International from $120.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They issued a “neutral” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Science Applications International has an average rating of “Hold” and a consensus target price of $115.22.

Science Applications International Price Performance

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’s fifty day moving average is $112.63 and its 200 day moving average is $101.81. The firm has a market capitalization of $5.21 billion, a P/E ratio of 13.87 and a beta of 0.28.

Science Applications International (NASDAQ:SAIC) last released its earnings results on Monday, June 1st. The company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.26 by $0.97. The business 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 business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 earnings per share. 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 EPS for the current year.

Science Applications International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, July 10th. Science Applications International’s dividend payout ratio is 16.67%.

Hedge Funds Weigh In On Science Applications International

A number of hedge funds have recently modified their holdings of SAIC. Cresset Asset Management LLC grew its holdings in Science Applications International by 4.4% during the second quarter. Cresset Asset Management LLC now owns 2,075 shares of the company’s stock valued at $234,000 after purchasing an additional 88 shares during the period. Focus Partners Wealth boosted 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. International Assets Investment Management LLC boosted its position in shares of Science Applications International by 5.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,120 shares of the company’s stock worth $213,000 after purchasing an additional 111 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Science Applications International by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,173 shares of the company’s stock valued at $319,000 after buying an additional 115 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Science Applications International by 0.5% in the 4th quarter. New York State Common Retirement Fund now owns 30,468 shares of the company’s stock valued at $3,067,000 after buying an additional 151 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

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.