Key Points
- Director C. David Cush bought 1,000 SAIC shares at an average price of $132.50, investing $132,500 in the open-market transaction.
- SAIC beat quarterly expectations with $3.01 EPS versus the $2.31 consensus and revenue of $1.88 billion, up 6.3% year over year. The company also declared a quarterly dividend of $0.37 per share, implying a 1.1% yield.
- Shares were trading at $129.69, while analysts maintained a consensus “Hold” rating with an average price target of $125.22; institutional investors own approximately 76% of the stock.
Science Applications International Corporation (NASDAQ:SAIC - Get Free Report) Director C. David Cush purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of $132.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director owned 1,000 shares of the company's stock, valued at $132,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Science Applications International Trading Down 2.7%
Science Applications International stock opened at $129.69 on Wednesday. Science Applications International Corporation has a 12 month low of $81.08 and a 12 month high of $142.66. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.71. The stock has a market cap of $5.43 billion, a P/E ratio of 15.17 and a beta of 0.30. The company's fifty day simple moving average is $124.53 and its 200-day simple moving average is $109.38.
Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.31 by $0.70. Science Applications International had a return on equity of 34.68% and a net margin of 5.13%.The firm had revenue of $1.88 billion during the quarter, compared to analysts' expectations of $1.76 billion. During the same quarter last year, the firm earned $3.63 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Science Applications International Corporation will post 10.77 EPS for the current fiscal year.
Science Applications International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Investors of record on Friday, October 9th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. Science Applications International's dividend payout ratio (DPR) is presently 17.31%.
Trending Headlines about Science Applications International
Here are the key news stories impacting Science Applications International this week:
- Positive Sentiment: Director C. David Cush purchased 1,000 SAIC shares at an average price of $132.50, investing $132,500. The open-market purchase may signal confidence in the company’s valuation and future performance. The transaction was disclosed in an SEC Form 4 filing
- Positive Sentiment: Zacks Research raised its full-year EPS forecasts for SAIC across multiple periods: FY2027 increased to $10.70 from $9.98, FY2028 to $10.74 from $10.53, and FY2029 to $11.70 from $11.63. Several quarterly estimates were also increased, including Q1 2028 to $2.65 and Q2 2028 to $2.64. These revisions suggest improving expectations for longer-term earnings growth.
- Neutral Sentiment: The current-year consensus EPS estimate remains $10.78. SAIC’s latest reported quarter had exceeded expectations, with $3.01 EPS and $1.88 billion in revenue, while revenue grew 6.3% year over year. The stock remains well above its 50-day and 200-day moving averages, indicating strong recent performance but also potentially elevated expectations.
- Negative Sentiment: Zacks lowered several near- and medium-term quarterly forecasts, including Q3 2027 EPS to $2.30 from $2.42, Q4 2027 to $2.16 from $2.18, and Q3 2028 to $2.75 from $2.81. These reductions may pressure the stock by raising concerns about uneven earnings momentum, despite the higher full-year estimates.
Hedge Funds Weigh In On Science Applications International
Several large investors have recently made changes to their positions in the business. Islay Capital Management LLC acquired a new position in shares of Science Applications International during the fourth quarter worth approximately $971,000. Bank of America Corp DE grew its stake in shares of Science Applications International by 17.5% in the first quarter. Bank of America Corp DE now owns 380,538 shares of the company's stock worth $36,121,000 after acquiring an additional 56,720 shares during the last quarter. Stephens Inc. AR bought a new position in Science Applications International during the first quarter worth $1,132,000. Dimensional Fund Advisors LP raised its stake in Science Applications International by 13.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,535,288 shares of the company's stock valued at $145,730,000 after purchasing an additional 185,066 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in Science Applications International by 47.2% during the 1st quarter. Cetera Investment Advisers now owns 29,781 shares of the company's stock valued at $2,827,000 after purchasing an additional 9,550 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.
Analysts Set New Price Targets
SAIC has been the topic of several recent research reports. BNP Paribas Exane started coverage on Science Applications International in a report on Wednesday, May 27th. They set a "neutral" rating and a $95.00 target price on the stock. Truist Financial raised their price objective on Science Applications International from $110.00 to $130.00 and gave the company a "hold" rating in a research note on Tuesday, September 1st. The Goldman Sachs Group boosted their target price on Science Applications International from $93.00 to $103.00 and gave the stock a "sell" rating in a report on Tuesday, September 8th. Citigroup increased their price target on Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Science Applications International from $110.00 to $125.00 and gave the company a "neutral" rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Science Applications International has a consensus rating of "Hold" and a consensus target price of $125.22.
Check Out Our Latest Analysis on SAIC
About Science Applications International
(
Get Free Report)
Science Applications International Corporation (SAIC) is a technology integrator and government services contractor that provides mission-critical solutions to the U.S. government. The company supports defense, intelligence, space, civilian, and federal law enforcement organizations with services designed to improve operational performance, modernize legacy systems, and address complex national security and public-sector challenges.
SAIC's offerings include information technology modernization, cloud computing, cybersecurity, artificial intelligence and data analytics, digital engineering, software development, systems integration, and enterprise IT services.
Further Reading
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